Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company’s stock up in after-hours trading.
47 minutes agoRead full article: SA Food Bank hoping to collect 20,000 frozen turkeys for families. Here’s how to donateHalloween Tradition: Superheroes repel down hospital to visit childrenLooking to save on items for your home, road trip and wardrobe? We've got the latest Insider Deals to share!Wine down this season with 18 bottles for $79reported 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.The Seattle-based tech company said it earned $15.3 billion, higher than the $12.21 billion industry analysts surveyed by FactSet had anticipated. Amazon earned $9.9 billion during the same period last year. Earnings per share were $1.43, higher than analysts’ expectations of $1.14.
“As we get into the holiday season, we’re excited about what we have in store for customers,” said Andy Jassy, Amazon's president and CEO. “We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations; and there’s so much more coming."
The company’s results follow other earning reports this week from tech giants such as Microsoft, Meta and Google’s corporate parent, Alphabet. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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