Tag AMZN

E-commerce giant Amazon.com Inc.’s North American sales increased 9% year over year to $95.5 billion in the third quarter. The post Amazon reports $158B in Q3 revenue, beats Wall Street expectations appeared first on FreightWaves...

CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later...

(Bloomberg) -- Amazon.com Inc. reported strong results that showed a company humming on all cylinders, a testament to its efforts to cut and reallocate costs and put the cloud computing and e-commerce giant on sounder footing.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?Chicago Mayor Seeks Property Tax Hike, Breaking Campaign VowThe Answer To Making Cities More Family-Friendly? CourtyardsNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkA South Korean City Plays...

Amazon reported $159 billion in revenue, beating estimates, as its ad, cloud and e-commerce business continues to balloon...

Amazon CEO Andy Jassy today hinted at an improved, "agentic" version of the company's Alexa assistant — one that could take actions on a user's behalf. "I think that the next generation of these assistants and generative AI applications will be better at not just answering questions and summarizing, indexing, and aggregating data, but also taking actions," he during Amazon's Q3 2024 earnings call. "And you can imagine us being pretty good at that with Alexa." Jassy added that Amazon continues to...

Amazon shares moved about 5% higher in afterhours trading as investors welcomed results showing robust revenue and profit growth. Some of the key figures: Net sales rose 11% to $158.87 billion, coming in above what analysts surveyed by FactSet had expected...

The headline numbers for Amazon (AMZN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals...

Amazon stock jumped after reporting its third quarter results late Thursday. Both earnings and revenue beat estimates...

Amazon (AMZN) delivered earnings and revenue surprises of 25.44% and 1.15%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?...

Amazon (AMZN) reported better-than-expected third quarter results and delivered strong guidance. CFRA Research senior equity research analyst Arun Sundaram joins Market Domination Overtime Hosts Alexandra Canal and Josh Lipton to discuss the results and break down why the market is less concerned with Amazon’s artificial intelligence (AI) spending compared to its peers. “Really, you got the you got the ingredients you needed for the stock to go up,” Sundaram says. The analyst explains that while all the cloud hyperscalers are ramping up their capital spending to invest in AI, investors seem less concerned about Amazon’s AI spending compared to Meta (META) and Microsoft (MSFT). He says, “There's a few unique things” with Amazon,” including “Amazon's not solely reliant on chips from Nvidia” as “ they also build and create their own AI chips that are more cost-effective and of more value. So they may not be seeing the same type of capacity constraint issues that Microsoft is seeing at the moment.” Sundaram notes, “The other thing I would point out too is, you know, Amazon has multiple levers to grow margins,” including their e-commerce business, advertising, Amazon Web Services, and other segments. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan...