From Seattle's own Geekwire, October 31:
Amazon stock jumps 6%; Q3 revenue up 11% to $158.9B; profits hit $15.3B; AWS sales up 19%
Amazon topped estimates for its third quarter earnings, reporting $158.9 billion in revenue, up 11% year-over-year, and earnings per share of $1.43. Profits jumped to $15.3 billion, from $9.9 billion in the year-ago period.
Analysts expected revenue of $157 billion and earnings per share of $1.14.
Shares were up 6% in after-hours trading on Thursday. Amazon stock is up more than 40% in the past 12 months.
Amazon Web Services met expectations with $27.4 billion in revenue, up 19%. The cloud unit continues to drive profits for the larger business, reporting $10.4 billion in operating income.
Amazon’s overall operating income reached $17.4 billion in the third quarter, compared to $11.2 billion a year ago.
Here’s a breakdown of Amazon’s financials for the third quarter....
....MUCH MORE
And here were the expectations, October 30 - "Amazon earnings preview: Analysts watching AWS growth, retail margins, Project Kuiper"
Last I saw the stock was up $8.81 (+4.73%) at $195.00 after trading down $6.54 to $186.19 during the regular session.
