Stock Track | Amazon Posts Strong Q3 Results Driven by Cloud and Advertising Growth

Stock Track11-01

Amazon.com, Inc. (AMZN) reported robust third-quarter results, with earnings and revenue surpassing analyst estimates. The company's performance was fueled by solid growth in its high-margin businesses, including Amazon Web Services (AWS) and advertising services.

For the quarter ended September 30, 2024, Amazon posted revenue of $158.9 billion, up 11% year-over-year and exceeding the consensus estimate of $157.3 billion. Net income soared 55% to $15.3 billion, or $1.43 per diluted share, surpassing analysts' expectations of $1.14 per share.

AWS, Amazon's cloud computing division, continued its robust momentum, with revenue climbing 19% to $27.5 billion. The segment's operating income rose to $10.4 billion, reflecting the company's ongoing investments to meet the surging demand for cloud services and generative AI capabilities.

Amazon's advertising business also witnessed strong growth, with revenue increasing by 19% to $14.3 billion. The company has been expanding its advertising offerings across various platforms, including online stores, streaming services, and third-party publishers, attracting more advertisers seeking to reach Amazon's vast customer base.

Despite concerns about consumer spending, Amazon's e-commerce operations in North America showed resilience, with sales rising 9% to $95.5 billion. The company's international segment also performed well, with sales increasing 12% to $35.9 billion.

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(AMZN) reported robust third-quarter results, with earnings and revenue surpassing analyst estimates. The company's performance was fueled by solid growth in its high-margin ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AMZN","symbol_name":"亚马逊","start_time":0,"source_url":"","article_id":"1146016699","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146016699","pubTimestamp":1730441752,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Amazon.com, Inc.  reported robust third-quarter results, with earnings and revenue surpassing analyst estimates. 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