Amazon earnings beat estimates on sales but misses target for cloud

) reported its third quarter earnings on Thursday, beating expectations on net sales and EPS, but missing on its cloud revenue.

However, there were silver linings, as AWS sales were up 12% year-over-year and the division's operating income is also on the upswing, coming in at $7 billion, a roughly 29% increase from last year. “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” said Amazon CEO Andy Jassy in a statement.Looking ahead, keep an eye on those operating margins.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Amazon earnings: Beats estimates on sales, but misses target for cloudAmazon reported its Q3 earnings after the bell. Here's how the e-commerce giant fared.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Amazon earnings trounce estimatesAmazon's (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »