Earnings

Amazon (AMZN) Q3 earnings report 2023

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Amazon reported third-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed in extended trading.

Here are the results:

  • Earnings per share: 94 cents vs. 58 cents expected by LSEG, formerly known as Refinitiv.
  • Revenue: $143.1 billion vs. $141.4 billion expected by LSEG.

Investors are also following these segment numbers:

  • Amazon Web Services: $23.1 billion vs. $23.2 billion in expected revenue, according to StreetAccount
  • Advertising: $12.1 billion vs. $11.6 billion in expected revenue, according to StreetAccount

Amazon said fourth-quarter sales, which include the key holiday period, will be between $160 billion and $167 billion. Analysts were expecting…



Source cnbc.com

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