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.
Express News | Amazon Shares up About 6% Premarket After Q3 Profit, Sales Beat Estimates
Express News | Amazon's pre-market trading surged by 6%, with third-quarter profits and revenue exceeding expectations, and retail sales showing impressive growth.
CNBC Daily Open: Big Tech Needs to Go Beyond Beating Earnings Expectations
Apple, Amazon Shares Steady in Frankfurt After Results
Amazon.com Inc (AMZN) Q3 2024 Earnings Call Highlights: Record Operating Income and Robust AWS ...