Amazon.com Inc. has projected strong profit and revenue figures for the upcoming holiday shopping season, surpassing analysts' expectations.

The company expects operating income between $16 billion and $20 billion for the quarter ending in December, which is higher than the average analyst estimate.

In terms of sales, Amazon anticipates fourth-quarter revenue to reach as high as $188.5 billion, exceeding the average estimate.

This positive outlook reflects confidence in consumer spending during the critical holiday period, positioning Amazon for a potentially record-breaking quarter.