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.
Walmart Is on a Winning Streak. How the Walton Family Keeps the World's Biggest Retailer on Track. -- Barrons.com
Express News | Wayne Bush: Raised amazon's target price from $225 to $250.
Amazon Q3 earnings conference: expected to have 75 billion in capital expenditures for the full year, with most of next year's AWS business mainly driven by generative ai.
Amazon (AMZN.US) announced strong third-quarter performance in post-market trading on Thursday.
Tech Earnings: Wary Apple, Optimistic Amazon, Reviving Intel