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**Amazon's Resilient Growth Exceeds Expectations in Q3 Earnings**
**Amazon's Resilient Growth: Q3 Earnings Exceed Expectations**
Amazon, the e-commerce giant, has once again demonstrated its resilience in the face of a competitive market. The company's third-quarter earnings report, released on October 31, 2024, showcased a significant improvement in retail sales and revenue, beating analyst estimates.
Amazon's total revenue for the third quarter reached $158.9 billion, a notable 11% increase from the same period in 2023. This growth was driven by a 7% year-over-year increase in online store sales to $61.4 billion, as well as a 10% year-over-year increase in third-party seller services to $37.8 billion.
The company's operating income surged by 55% to $17.4 billion, while net income jumped to $15.3 billion, a 55% increase from the previous year. Earnings per share (EPS) also saw a significant rise, reaching $1.43, surpassing analyst expectations of $1.14.
Amazon's cloud business, Amazon Web Services (AWS), continued to thrive, reporting a 19% year-over-year increase in revenue to $27.5 billion. This growth is particularly noteworthy as AWS competes with major cloud providers like Microsoft's Azure and Alphabet's Google Cloud.
The company's advertising sales also experienced a notable boost, rising 19% to $14.3 billion. This increase can be attributed to the popularity of Amazon's advertising slots on shopping carts in brick-and-mortar stores and ads on its Prime Video streaming service.
Amazon's North American sales increased by 9% to $95.5 billion, while international sales rose by 12% to $35.8 billion. The company's focus on improving its transportation and delivery network has been instrumental in these gains, with CEO Andy Jassy highlighting the importance of faster and more efficient delivery times.
Amazon's guidance for the fourth quarter is optimistic, with net sales expected to range between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% year-over-year. Operating income is forecasted to be between $16 billion and $20 billion, a significant increase from the $13.2 billion reported in the fourth quarter of 2023.
The company's shares responded positively to the earnings
Amazon, the e-commerce giant, has once again demonstrated its resilience in the face of a competitive market. The company's third-quarter earnings report, released on October 31, 2024, showcased a significant improvement in retail sales and revenue, beating analyst estimates.
Amazon's total revenue for the third quarter reached $158.9 billion, a notable 11% increase from the same period in 2023. This growth was driven by a 7% year-over-year increase in online store sales to $61.4 billion, as well as a 10% year-over-year increase in third-party seller services to $37.8 billion.
The company's operating income surged by 55% to $17.4 billion, while net income jumped to $15.3 billion, a 55% increase from the previous year. Earnings per share (EPS) also saw a significant rise, reaching $1.43, surpassing analyst expectations of $1.14.
Amazon's cloud business, Amazon Web Services (AWS), continued to thrive, reporting a 19% year-over-year increase in revenue to $27.5 billion. This growth is particularly noteworthy as AWS competes with major cloud providers like Microsoft's Azure and Alphabet's Google Cloud.
The company's advertising sales also experienced a notable boost, rising 19% to $14.3 billion. This increase can be attributed to the popularity of Amazon's advertising slots on shopping carts in brick-and-mortar stores and ads on its Prime Video streaming service.
Amazon's North American sales increased by 9% to $95.5 billion, while international sales rose by 12% to $35.8 billion. The company's focus on improving its transportation and delivery network has been instrumental in these gains, with CEO Andy Jassy highlighting the importance of faster and more efficient delivery times.
Amazon's guidance for the fourth quarter is optimistic, with net sales expected to range between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% year-over-year. Operating income is forecasted to be between $16 billion and $20 billion, a significant increase from the $13.2 billion reported in the fourth quarter of 2023.
The company's shares responded positively to the earnings
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By Quiet. Please**Amazon's Resilient Growth: Q3 Earnings Exceed Expectations**
Amazon, the e-commerce giant, has once again demonstrated its resilience in the face of a competitive market. The company's third-quarter earnings report, released on October 31, 2024, showcased a significant improvement in retail sales and revenue, beating analyst estimates.
Amazon's total revenue for the third quarter reached $158.9 billion, a notable 11% increase from the same period in 2023. This growth was driven by a 7% year-over-year increase in online store sales to $61.4 billion, as well as a 10% year-over-year increase in third-party seller services to $37.8 billion.
The company's operating income surged by 55% to $17.4 billion, while net income jumped to $15.3 billion, a 55% increase from the previous year. Earnings per share (EPS) also saw a significant rise, reaching $1.43, surpassing analyst expectations of $1.14.
Amazon's cloud business, Amazon Web Services (AWS), continued to thrive, reporting a 19% year-over-year increase in revenue to $27.5 billion. This growth is particularly noteworthy as AWS competes with major cloud providers like Microsoft's Azure and Alphabet's Google Cloud.
The company's advertising sales also experienced a notable boost, rising 19% to $14.3 billion. This increase can be attributed to the popularity of Amazon's advertising slots on shopping carts in brick-and-mortar stores and ads on its Prime Video streaming service.
Amazon's North American sales increased by 9% to $95.5 billion, while international sales rose by 12% to $35.8 billion. The company's focus on improving its transportation and delivery network has been instrumental in these gains, with CEO Andy Jassy highlighting the importance of faster and more efficient delivery times.
Amazon's guidance for the fourth quarter is optimistic, with net sales expected to range between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% year-over-year. Operating income is forecasted to be between $16 billion and $20 billion, a significant increase from the $13.2 billion reported in the fourth quarter of 2023.
The company's shares responded positively to the earnings
Amazon, the e-commerce giant, has once again demonstrated its resilience in the face of a competitive market. The company's third-quarter earnings report, released on October 31, 2024, showcased a significant improvement in retail sales and revenue, beating analyst estimates.
Amazon's total revenue for the third quarter reached $158.9 billion, a notable 11% increase from the same period in 2023. This growth was driven by a 7% year-over-year increase in online store sales to $61.4 billion, as well as a 10% year-over-year increase in third-party seller services to $37.8 billion.
The company's operating income surged by 55% to $17.4 billion, while net income jumped to $15.3 billion, a 55% increase from the previous year. Earnings per share (EPS) also saw a significant rise, reaching $1.43, surpassing analyst expectations of $1.14.
Amazon's cloud business, Amazon Web Services (AWS), continued to thrive, reporting a 19% year-over-year increase in revenue to $27.5 billion. This growth is particularly noteworthy as AWS competes with major cloud providers like Microsoft's Azure and Alphabet's Google Cloud.
The company's advertising sales also experienced a notable boost, rising 19% to $14.3 billion. This increase can be attributed to the popularity of Amazon's advertising slots on shopping carts in brick-and-mortar stores and ads on its Prime Video streaming service.
Amazon's North American sales increased by 9% to $95.5 billion, while international sales rose by 12% to $35.8 billion. The company's focus on improving its transportation and delivery network has been instrumental in these gains, with CEO Andy Jassy highlighting the importance of faster and more efficient delivery times.
Amazon's guidance for the fourth quarter is optimistic, with net sales expected to range between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% year-over-year. Operating income is forecasted to be between $16 billion and $20 billion, a significant increase from the $13.2 billion reported in the fourth quarter of 2023.
The company's shares responded positively to the earnings