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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 47. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

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...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »