On October 31, 2024, Amazon.com, Inc. reported its financial results for the third quarter of 2024. The company saw a net sales increase of 11% to $158.9 billion compared to the third quarter of 2023, with a slight unfavorable impact from foreign exchange rates. Sales growth was observed across all segments, with North America at 9%, International at 12%, and AWS at 19%. Operating income rose to $17.4 billion, up from $11.2 billion in the same quarter of the previous year. Net income also increased significantly to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in the third quarter of 2023. The company's operating cash flow surged by 57% to $112.7 billion for the trailing twelve months. Amazon's CEO, Andy Jassy, expressed excitement for the upcoming holiday...Show More

On October 31, 2024, Amazon.com, Inc. reported its financial results for the third quarter of 2024. The company saw a net sales increase of 11% to $158.9 billion compared to the third quarter of 2023, with a slight unfavorable impact from foreign exchange rates. Sales growth was observed across all segments, with North America at 9%, International at 12%, and AWS at 19%. Operating income rose to $17.4 billion, up from $11.2 billion in the same quarter of the previous year. Net income also increased significantly to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in the third quarter of 2023. The company's operating cash flow surged by 57% to $112.7 billion for the trailing twelve months. Amazon's CEO, Andy Jassy, expressed excitement for the upcoming holiday season, highlighting the success of the Prime Big Deal Days and the launch of a new Kindle lineup. The company also announced various expansions and new features, including plans for Amazon Pharmacy Same-Day Delivery in the U.S., new AI-powered features, and strategic collaborations to enhance AWS offerings. Looking ahead, Amazon provided guidance for the fourth quarter of 2024, expecting net sales to grow between 7% and 11% compared to the fourth quarter of 2023, with operating income projected to be between $16.0 billion and $20.0 billion.