Tag AMZN

Amazon.com, Inc. (NASDAQ:AMZN) Q3 2023 Earnings Call Transcript October 26, 2023 Amazon.com, Inc. beats earnings expectations. Reported EPS is $0.94, expectations were $0.58. Operator: Thank you for standing by. Good day everyone and welcome to the Amazon.com Third Quarter 2023 Financial Results Teleconference. [Operator Instructions] Today’s call is being recorded. And for opening remarks, I […]...

Walmart customers were likely surprised to see a completely new version of an iconic treat on the store's shelves...

Shares of Amazon (NASDAQ: AMZN) were up 8% as of 10:08 a.m. ET on Friday following a better-than-expected business update. Amazon's online stores and cloud business are showing improving revenue trends after slower growth hit the company in 2022. Overall, sales were up 13% year over year to $143 billion, while Amazon's operating profit jumped to $11.2 billion, up from $2.5 billion in the year-ago quarter...

Shares of Amazon (NASDAQ: AMZN) jumped 5.4% in Thursday's volatile after-hours trading session, following the e-commerce and cloud computing leader's release of its third-quarter 2023 report. The gain is attributable to the quarter's revenue and earnings both sprinting by Wall Street's estimates, with the bottom-line beat a particularly big one. Investors were also likely pleased that revenue guidance for the fourth quarter -- the particularly important holiday quarter -- exceeded the analyst expectation...

Tech giant Amazon (AMZN) reported third-quarter earnings that beat analyst estimates this quarter, with operating income increasing more than 300% year-over-year. CFRA Analyst Arun Sundaram says that the results show that Amazon is "turning into a highly profitable and free cash flow-generating juggernaut." Pointing to the operating profit, Sundaram says "the best part is, that there's still a lot more efficiencies left to be unlocked for Amazon over the next, I would say, 3 to 5 years." When it comes to Amazon Web Services (AWS), Sundaram says that although AWS saw flat growth this quarter, the fourth quarter looks more promising for growth based on new deals, that CEO Andy Jassy mentioned on the earnings call. However, when it comes to AWS losing market share to rivals like Microsoft (MSFT), Sundaram believes "it's way too early to tell" if that is happening.  "You can't just look at just the year-over-year growth rates and determine whether one is gaining market share at the expense of others," Sundaram tells Yahoo Finance, adding: "All these new opportunities in generative AI and machine learning we're still in the very early stages of that." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...