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Amazon said it earned $15.3 billion, higher than the $12.21 billion industry analysts surveyed by FactSet had anticipated. Net sales increased 11% compared with the third quarter of 2023, Amazon said.
Amazon stock has climbed some 40% in 2023 alone, besting both the S&P 500 and tech-heavy Nasdaq index. ... The company has seen steady revenue growth in 2023, however, indicating CEO Andy Jassy ...
The Seattle-based e-commerce company said it earned $170 billion in revenue and $10.6 billion in profits during the last three months of 2023, beating expectations from analysts surveyed by FactSet.
In Forbes Global 2000 2023 Amazon ranked 36th. [163] For the fiscal year 2021, Amazon reported earnings of US$33.36 billion, with an annual revenue of US$469.82 billion, an increase of 21.7% over the previous fiscal cycle. Since 2007 sales increased from 14.835 billion to 469.822 billion, due to continued business expansion. [citation needed]
LOS ANGELES (AP) — Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. For the three months that ended on Sept. 30, the Seattle-based tech giant posted a revenue of $158.9 billion, higher than the $157.28 billion analysts had expected.
Net income of $10.4 billion, or 98 cents per diluted share, compared with $3.2 billion, or 31 cents per diluted share in 2023's first quarter. That beat analysts' average EPS estimate of 83 cents.
October 26, 2023 at 6:34 PM. NEW YORK (AP) — Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business.
The firm expects Amazon to notch a "modest" earnings beat after the bell: it predicts revenue to rise 10.5% year-over-year and GAAP operating profit to climb 36%.