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Amazon Beats Q3 Forecasts, Especially On The Bottom Line
AmazonAmazon(US:AMZN) Deadline·2024-11-01 04:20

Amazon topped Wall Street estimates in the third quarter, posting an 11% rise in revenue compared with the year-ago quarter and diluted earnings per share of 1.43.TheearningsfigurecameinwellabovetheStreetexpectationof1.43. The earnings figure came in well above the Street expectation of 1.14, while total revenue of 158.9billioneasedpasttheconsensusforecastof158.9 billion eased past the consensus forecast of 157.3 billion. The company said it expects revenue in the holiday fourth quarter to grow 7% to 11% compared with the same period in 2023, reaching between 181.5billionand181.5 billion and 188.5 billion. CEO And ...