Amazon's Q3 Earnings: EPS Surges, Revenue Up 13%, AI 'Driving Momentum With Customers' And More
Portfolio Pulse from Adam Eckert
Amazon.com Inc reported Q3 financial results with a 13% YoY increase in revenue to $143.1 billion, beating the consensus estimate of $141.42 billion. The company's EPS surged to 94 cents from 28 cents YoY, surpassing the consensus of 58 cents. AWS sales rose 12% YoY to $23.1 billion. The company expects Q4 revenue to be between $160 billion and $167 billion, higher than estimates of $157.16 billion.
October 26, 2023 | 8:16 pm
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Amazon's Q3 results beat estimates with revenue and EPS both increasing YoY. AWS sales also rose, contributing to the positive results.
Amazon's Q3 results exceeded expectations with both revenue and EPS increasing YoY. This positive news, along with the increase in AWS sales, is likely to have a positive impact on the company's stock price in the short term.
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