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AMZN
Benzinga
236 days

Amazon Q3 Earnings Highlights: Revenue Beat, EPS Beat, Q4 Guidance, New Kindles 'Significantly Outperforming Our Expectations'

1. Amazon's Q3 sales reached $158.9 billion, surpassing expectations. 2. Earnings per share of $1.43 beat the consensus estimate of $1.14. 3. AWS contributed significantly with $27.5 billion in revenue, up 19%. 4. Prime Video's 'Rings of Power' season two achieved record streaming numbers. 5. Q4 guidance forecasts sales between $181.5 billion and $188.5 billion.

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FAQ

Why Bullish?

Strong earnings and revenue growth typically lead to positive investor sentiment. Previous quarters showed similar patterns resulting in stock rallies.

How important is it?

Strong financial performance and guidance are critical for AMZN's stock value. Earnings results have a proven history of influencing stock prices.

Why Short Term?

Positive earnings and guidance will likely impact shares quickly. Historical results often show immediate reactions post-earnings announcements.

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