Overview Amazon com Inc. (NASDAQ: AMZN) announced impressive third-quarter earnings, surpassing analyst projections. Key factors included a broad product selection, improved delivery speeds, and enhanced Prime member benefits like discounted groceries and fuel savings. The company also highlighted significant growth across its various business segments.
Financial Highlights
Revenue: $158.9 billion (Analysts expected $157.2 billion)
Earnings per Share (EPS): $1.43 (Analysts expected $1.14)
Operating Income: Increased by 55% to $17.4 billion
Net Income: Rose to $15.3 billion, up from $9.9 billion in Q3 2023
Segment Growth
North America Sales: $95.5 billion, a 9% year-over-year increase
International Sales: $35.8 billion, a 12% year-over-year increase
Amazon Web Services (AWS): Revenue grew 19% year-over-year to $27.5 billion
Online Store Sales: Up 7% year-over-year to $61.4 billion, exceeding the $59.6 billion forecast
Third-Party Seller Services: Revenue rose 10% year-over-year to $37.8 billion
Operational Advancements CEO Andy Jassy emphasized Amazon's focus on enhancing its fulfillment and transportation networks, aiming to lower service costs and improve delivery speeds for Prime members globally. Recent changes include regionalizing fulfillment centers to bring items closer to customers.
Q4 Guidance For the fourth quarter, Amazon projects:
Net Sales: Between $181.5 billion and $188.5 billion
Operating Income: Expected to range from $16 billion to $20 billion, compared to $13.2 billion in Q4 2023
Financial Highlights
Revenue: $158.9 billion (Analysts expected $157.2 billion)
Earnings per Share (EPS): $1.43 (Analysts expected $1.14)
Operating Income: Increased by 55% to $17.4 billion
Net Income: Rose to $15.3 billion, up from $9.9 billion in Q3 2023
Segment Growth
North America Sales: $95.5 billion, a 9% year-over-year increase
International Sales: $35.8 billion, a 12% year-over-year increase
Amazon Web Services (AWS): Revenue grew 19% year-over-year to $27.5 billion
Online Store Sales: Up 7% year-over-year to $61.4 billion, exceeding the $59.6 billion forecast
Third-Party Seller Services: Revenue rose 10% year-over-year to $37.8 billion
Operational Advancements CEO Andy Jassy emphasized Amazon's focus on enhancing its fulfillment and transportation networks, aiming to lower service costs and improve delivery speeds for Prime members globally. Recent changes include regionalizing fulfillment centers to bring items closer to customers.
Q4 Guidance For the fourth quarter, Amazon projects:
Net Sales: Between $181.5 billion and $188.5 billion
Operating Income: Expected to range from $16 billion to $20 billion, compared to $13.2 billion in Q4 2023