Information
Amazon beat third-quarter estimates for revenue and earnings per share and shared an update on guidance Thursday.
Original sourceAI Summary
Amazon's Q3 sales rose to $158.9 billion, exceeding estimates. Earnings per share reached $1.43, beating consensus of $1.14. AWS contributed $27.5 billion in sales, up 19% year-over-year. The streaming segment had record viewership for NFL games. Q4 guidance expects sales between $181.5 billion and $188.5 billion.
Sentiment Rationale
Strong earnings and growth in AWS typically positively influence AMZN's stock price.
Trading Thesis
Immediate market reactions to earnings results could lead to short-term price changes.
Market-Moving
- Amazon's Q3 sales rose to $158.9 billion, exceeding estimates.
- Earnings per share reached $1.43, beating consensus of $1.14.
- AWS contributed $27.5 billion in sales, up 19% year-over-year.
Key Facts
- Amazon's Q3 sales rose to $158.9 billion, exceeding estimates.
- Earnings per share reached $1.43, beating consensus of $1.14.
- AWS contributed $27.5 billion in sales, up 19% year-over-year.
- The streaming segment had record viewership for NFL games.
- Q4 guidance expects sales between $181.5 billion and $188.5 billion.
Companies Mentioned
- AAPL (AAPL)
- GOOGL (GOOGL)
- MSFT (MSFT)
Earnings
Earnings exceeding projections are crucial for investor sentiment and stock performance.