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Amazon's Q3 earnings report beats expectations; shares gain [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
The e-commerce and cloud computing giant posted adjusted earnings per share of $1.43, beating the analyst consensus of $1.14 by $0.29. Revenue for the quarter came in at $158.9 billion, topping estimates of $157.25 billion and marking an 11% increase YoY. Amazon's cloud division, AWS, continued its strong performance with sales increasing 19% YoY to $27.5 billion. The North America segment saw sales rise 9% to $95.5 billion, while International segment sales grew 12% to $35.9 billion. Despite the positive results, Amazon's fourth-quarter revenue guidance of $181.5-188.5 billion fell short of the $186.36 billion analyst consensus at the midpoint. The company expects operating income between $16.0 billion and $20.0 billion for Q4. "As we get into the holiday season, we're excited about what we have in store for customers," said Andy Jassy, Amazon President&CEO. "We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup t
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