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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.
Technology stocks' pullback is nothing to panic about! The downturn can be a good opportunity to "buy the dip".
Investors have many reasons to turn to the technology stocks they once favored, but they may regret it.
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 ...
Andon Health (002432.SZ): The iHealth test kit has consistently ranked first in sales among similar products on Amazon.
Jiu'an Health (002432.SZ) stated at an investor relations event on November 1st that the company actively layout online and offline sales channels, and the sales volume of test kits performed well. The iHealth test kit continues to rank first in sales among similar products on Amazon, with far higher reviews than similar products. The three-combination test kits also maintain the top position among similar products.
Apple, Amazon And 3 Stocks To Watch Heading Into Friday
Jefferies Financial, Royal Bank of Canada raised the target price of Amazon.
Gelonghui November 1st | Jefferies Financial raised the target price of Amazon from $225 to $235. Royal Bank of Canada raised the target price of Amazon from $215 to $225.
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
Walmart Is on a Winning Streak. How the Walton Family Keeps the World's Biggest Retailer on Track. -- Barrons.com
Andy Jassy Touts 'Deep Partnership' With Nvidia, But Amazon Is Doubling Down On In-House Custom Silicon For Price-Conscious Customers
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
Goldman Sachs: Amazon (AMZN.US) slightly exceeded the upper end of the previous guidance range in the third quarter, expecting a positive stock price reaction.
Goldman Sachs released a research report indicating that Amazon (AMZN.US) slightly exceeded the upper limit of the previous revenue guidance in the third quarter, and the revenue under GAAP exceeded expectations, expected to have a positive impact on the stock price. However, AWS revenue growth rate of 19% year-on-year contrasts with industry potential re-acceleration. Goldman Sachs stated that in terms of forward guidance, the upper range of the group's fourth quarter revenue slightly exceeded expectations, with the midpoint of operating revenue guidance ranging between 16 billion and 20 billion US dollars, surpassing the bank's and the market's forecasts. The bank set a target price of $230 for the group, with a rating of 'buy'.
Tech Giants See AI Bets Starting to Pay Off -- WSJ
Are the financial reports of the technology giants in the US stock market insufficient in the beginning of the season, is the "AI hot" expectation overhyped or just a technical profit-taking pullback?
Large technology companies need to meet investors' expectations for both the past and the future more than any other industry.