News Formal

Amazon earnings beat estimates on sales but misses target for cloud

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Amazon reported its Q3 earnings after the bell. Here's how the ecommerce giant fared.

) 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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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.
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

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...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »