Amazon's Q3 profit far exceeded expectations, driven by accelerated cloud growth, with capital expenses expected to increase next year.
Amazon's total revenue in the third quarter exceeded expectations, with EPS jumping by 55%. Although the revenue guidance for the year-end holiday shopping season is slightly below expectations, the profit guidance is bullish, and both the cloud business profit margin and the company's overall operating profit margin reached a new high. Some analysts claim that AWS has generated over $100 billion in revenue in the past 12 months for the first time. Capital expenditures are expected to be $75 billion this year, an increase of 55% year-on-year, and may be higher in 2025 or beyond.
"Wood Sister" once again sold more than 30 million US dollars of Tesla stocks, increasing positions in Meta and Amazon.
"WoodSister" Cathie Wood recently continued to sell tesla stocks while increasing holdings in Amazon and Meta. The latest data released by Wood's Ark Invest company (ARK Investment Management) showed that its ARK Innovation ETF (ARKK) and Ark Next Generation Internet (ARKW) ETFs sold 120,141 shares of Tesla stock on October 28th local time, valued at $31.54 million.
Amazon's Q3 earnings exceeded expectations, with stock prices soaring after hours. What was also revealed at the earnings conference? | See details in the link.
Gelonghui on November 1st | Amazon released its third-quarter performance for 2024, showing a 11% year-on-year increase in net sales to $158.9 billion, exceeding market expectations of $157.29 billion; diluted earnings per share (EPS) for the third quarter were $1.43, up 52% year-on-year, far exceeding market expectations of $1.14. In the secondary market, Amazon surged more than 6% after hours. Amazon executives stated on the earnings call that revenue for the current quarter is expected to be between $181.5 billion and $188.5 billion, a 7% to 11% year-on-year increase. The above content is provided by Baidu Netdisk's "Easy Listen and Remember" AI.
Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip
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