AP
- Amazon shares climbed 5% in premarket trading Friday.
- The online retail giant posted a strong third-quarter earnings report, beating analysts' forecasts.
- Strong sales numbers for Amazon's cloud division also helped push the stock higher.
Amazon's market cap looked set to surge Friday after the online retail giant's third-quarter earnings beat Wall Street's expectations.
Shares were up more than 5% to above $126 at 5 a.m. ET. If those gains hold up until the closing bell, Amazon's value will swell by about $60 billion to $1.3 trillion, per Insider's calculations.