Tag AMZN

Amazon reported adjusted earnings of 94 cents a share on $143.1 billion in revenue for the third-quarter. Amazon stock is rising...

Amazon’s EPS handily beat estimates, while operating and net income posted four- and three-bagger gains. The post Amazon posts strong third-quarter results appeared first on FreightWaves...

Amazon.com, Inc. (NASDAQ:NASDAQ:AMZN) Q3 2023 Earnings Conference Call October 26, 2023 5:30 PM ETCompany ParticipantsDave Fildes - Director of Investor.....

Amazon shares gained ground in late trading Thursday after the company posted better-than-expected financial results for the September quarter. Amazon (ticker: AMZN) said third-quarter sales were $143.1 billion, up 13% from a year ago, accelerating from 11% growth in the June quarter, and above the high end of the company’s guidance range. Amazon Web Services revenue was $23.1 billion, up 12.3% from a year ago, which was about in line with Wall Street estimates, and consistent with the 12.2% increase one quarter earlier...

Strong sales at Amazon’s online store and an expanding advertising business helped propel the ecommerce group’s earnings in the third quarter, while growth in its cloud computing division continued to stabilise. Consumers were “spending money, but cautious and deal driven”, chief financial officer Brian Olsavsky said, with sales at Amazon’s online stores up 6 per cent year on year to $57.3bn and North American margins improving. Businesses were still looking to cut IT costs, which remained a “headwind” for Amazon’s cloud computing division, a core driver of the group’s profits, Olsavsky said...

(Bloomberg) -- Amazon.com Inc. reported revenue and profit that topped analysts’ estimates, buoyed by rising sales in its retail unit and significant cost cutting.Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Morgan Stanley After Ted Pick Was Named CEOW...

Operating Income and Net Income See Significant Increase...

Amazon and Intel Surge on Strong Earnings...

While the top- and bottom-line numbers for Amazon (AMZN) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values...

Amazon's profit more than tripled, outpacing analysts' estimates, as a burgeoning ad sales business grew 26%...