Amazon: EPS up by over 50% in Q3

(CercleFinance.com) - Amazon reports net income up 54% to $15.
3bn for Q3 2024, or $1.43 per share (+52%), with operating income of $17.4bn, vs. $11.2bn for the same period in 2023.

Sales for the e-commerce and cloud giant rose by 11% to $158.9bn, with increases in all three segments: North America (+9%), International (+12%) and Amazon Web Services (+19%).

We kicked off the holiday season with our biggest Prime Big Deal Days and the launch of an all-new Kindle range that significantly exceeded our expectations, says CEO Andy Jassy.

For Q4 2024, Amazon anticipates operating income of $16bn to $20bn, compared with $13.2bn a year earlier, and sales of $181.5bn to $188.5bn, representing y-o-y growth of 7% to 11%.


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