*Amazon earnings blast Street forecasts, but holiday sales outlook muted*
Amazon (AMZN) - Get Free Report posted better-than-expected third quarter earnings Thursday, powered by solid ad sales and could services gains, but issued a muted near-term sales forecast that suggests muted consumer spending over the holiday period. Amazon said net income for the three months ending in September was pegged at $9.9 billion, or 94 cents cents per share, rising from 28 cents over the same period last year and well ahead of the Street consensus forecast of 58 cents per share. Operating income rose more than five-fold from last year to $11.2 billion, well ahead of the Street forecast of $7.7 billion. Revenues rose 12.6% from last year to $143.1 billion, also firmly ahead of analysts' estimates of a $141.42 billion tally. Amazon Web Services contributed $23.1 billion in revenues, rising 12% from last year, a similar pace from the three months ending in June but coming in just shy of the Street forecast of around 12.5% growth. Online sales were 6% higher from last year to $57.27 billion, suggesting moderately improving consumer spending over the summer, with the topping Street forecasts of $56.8 billion. Ad sales rose 26% to $12.1 billion. Looking into the current quarter, Amazon said it sees operating income of between $7 billion and $11 billion, compared to a Street forecast of $8.5 billion, on revenues in the range of $160 billion to $167 billion, compared to the Refinitiv forecast of around $167 billion.Related: Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” said CEO Andy Jassy. “The benefits of moving from a single national fulfillment network in the U.S. to eight distinct regions are exceeding our optimistic expectations, and perhaps most importantly, putting us on pace to deliver the fastest delivery speeds for Prime customers in our 29-year history." "The AWS team continues to innovate and deliver at a rapid clip, particularly in generative AI, where the combination of our custom AI chips, Amazon Bedrock being the easiest and most flexible way to build and deploy generative AI applications, and our coding companion (CodeWhisperer) allowing enterprises to have the equivalent of an experienced engineer who understands all of their proprietary code is driving momentum with customers," he added. "Between AWS re:Invent and our 29th holiday shopping season, this is a particularly action-packed time of year at Amazon and we’re excited for what’s to come.” Amazon shares, which closed 1.5% lower at 119.57 in the Thursday session, were marked 3.4% higher in after-hours trading immediately following the earnings release to indicate a Friday opening bell price of $123.70 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/amazon-earnings-blast-street-forecasts-but-holiday-sales-outlook-muted)
Amazon (AMZN) - Get Free Report posted better-than-expected third quarter earnings Thursday, powered by solid ad sales and could services gains, but issued a muted near-term sales forecast that suggests muted consumer spending over the holiday period. Amazon said net income for the three months ending in September was pegged at $9.9 billion, or 94 cents cents per share, rising from 28 cents over the same period last year and well ahead of the Street consensus forecast of 58 cents per share. Operating income rose more than five-fold from last year to $11.2 billion, well ahead of the Street forecast of $7.7 billion. Revenues rose 12.6% from last year to $143.1 billion, also firmly ahead of analysts' estimates of a $141.42 billion tally. Amazon Web Services contributed $23.1 billion in revenues, rising 12% from last year, a similar pace from the three months ending in June but coming in just shy of the Street forecast of around 12.5% growth. Online sales were 6% higher from last year to $57.27 billion, suggesting moderately improving consumer spending over the summer, with the topping Street forecasts of $56.8 billion. Ad sales rose 26% to $12.1 billion. Looking into the current quarter, Amazon said it sees operating income of between $7 billion and $11 billion, compared to a Street forecast of $8.5 billion, on revenues in the range of $160 billion to $167 billion, compared to the Refinitiv forecast of around $167 billion.Related: Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” said CEO Andy Jassy. “The benefits of moving from a single national fulfillment network in the U.S. to eight distinct regions are exceeding our optimistic expectations, and perhaps most importantly, putting us on pace to deliver the fastest delivery speeds for Prime customers in our 29-year history." "The AWS team continues to innovate and deliver at a rapid clip, particularly in generative AI, where the combination of our custom AI chips, Amazon Bedrock being the easiest and most flexible way to build and deploy generative AI applications, and our coding companion (CodeWhisperer) allowing enterprises to have the equivalent of an experienced engineer who understands all of their proprietary code is driving momentum with customers," he added. "Between AWS re:Invent and our 29th holiday shopping season, this is a particularly action-packed time of year at Amazon and we’re excited for what’s to come.” Amazon shares, which closed 1.5% lower at 119.57 in the Thursday session, were marked 3.4% higher in after-hours trading immediately following the earnings release to indicate a Friday opening bell price of $123.70 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/amazon-earnings-blast-street-forecasts-but-holiday-sales-outlook-muted)
TheStreet
Amazon earnings blast Street forecasts, but holiday sales outlook muted
Amazon firmly topped Street earnings forecasts for the third quarter, but its end-of-year revenue forecast may suggest muted consumer spending over the holiday period.
Amazon earnings blast Street forecasts, but holiday sales outlook muted
Amazon (AMZN) - Get Free Report posted better-than-expected third quarter earnings Thursday, powered by solid ad sales and could services gains, but issued a muted near-term sales forecast that suggests muted consumer spending over the holiday period. Amazon said net income for the three months ending in September was pegged at $9.9 billion, or 94 cents cents per share, rising from 28 cents over the same period last year and well ahead of the Street consensus forecast of 58 cents per share. Operating income rose more than five-fold from last year to $11.2 billion, well ahead of the Street forecast of $7.7 billion. Revenues rose 12.6% from last year to $143.1 billion, also firmly ahead of analysts' estimates of a $141.42 billion tally. Amazon Web Services contributed $23.1 billion in revenues, rising 12% from last year, a similar pace from the three months ending in June but coming in just shy of the Street forecast of around 12.5% growth. Online sales were 6% higher from last year to $57.27 billion, suggesting moderately improving consumer spending over the summer, with the topping Street forecasts of $56.8 billion. Ad sales rose 26% to $12.1 billion. Looking into the current quarter, Amazon said it sees operating income of between $7 billion and $11 billion, compared to a Street forecast of $8.5 billion, on revenues in the range of $160 billion to $167 billion, compared to the Refinitiv forecast of around $167 billion.Related: Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” said CEO Andy Jassy. “The benefits of moving from a single national fulfillment network in the U.S. to eight distinct regions are exceeding our optimistic expectations, and perhaps most importantly, putting us on pace to deliver the fastest delivery speeds for Prime customers in our 29-year history." "The AWS team continues to innovate and deliver at a rapid clip, particularly in generative AI, where the combination of our custom AI chips, Amazon Bedrock being the easiest and most flexible way to build and deploy generative AI applications, and our coding companion (CodeWhisperer) allowing enterprises to have the equivalent of an experienced engineer who understands all of their proprietary code is driving momentum with customers," he added. "Between AWS re:Invent and our 29th holiday shopping season, this is a particularly action-packed time of year at Amazon and we’re excited for what’s to come.” Amazon shares, which closed 1.5% lower at 119.57 in the Thursday session, were marked 3.4% higher in after-hours trading immediately following the earnings release to indicate a Friday opening bell price of $123.70 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
Amazon (AMZN) - Get Free Report posted better-than-expected third quarter earnings Thursday, powered by solid ad sales and could services gains, but issued a muted near-term sales forecast that suggests muted consumer spending over the holiday period. Amazon said net income for the three months ending in September was pegged at $9.9 billion, or 94 cents cents per share, rising from 28 cents over the same period last year and well ahead of the Street consensus forecast of 58 cents per share. Operating income rose more than five-fold from last year to $11.2 billion, well ahead of the Street forecast of $7.7 billion. Revenues rose 12.6% from last year to $143.1 billion, also firmly ahead of analysts' estimates of a $141.42 billion tally. Amazon Web Services contributed $23.1 billion in revenues, rising 12% from last year, a similar pace from the three months ending in June but coming in just shy of the Street forecast of around 12.5% growth. Online sales were 6% higher from last year to $57.27 billion, suggesting moderately improving consumer spending over the summer, with the topping Street forecasts of $56.8 billion. Ad sales rose 26% to $12.1 billion. Looking into the current quarter, Amazon said it sees operating income of between $7 billion and $11 billion, compared to a Street forecast of $8.5 billion, on revenues in the range of $160 billion to $167 billion, compared to the Refinitiv forecast of around $167 billion.Related: Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus “We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly,” said CEO Andy Jassy. “The benefits of moving from a single national fulfillment network in the U.S. to eight distinct regions are exceeding our optimistic expectations, and perhaps most importantly, putting us on pace to deliver the fastest delivery speeds for Prime customers in our 29-year history." "The AWS team continues to innovate and deliver at a rapid clip, particularly in generative AI, where the combination of our custom AI chips, Amazon Bedrock being the easiest and most flexible way to build and deploy generative AI applications, and our coding companion (CodeWhisperer) allowing enterprises to have the equivalent of an experienced engineer who understands all of their proprietary code is driving momentum with customers," he added. "Between AWS re:Invent and our 29th holiday shopping season, this is a particularly action-packed time of year at Amazon and we’re excited for what’s to come.” Amazon shares, which closed 1.5% lower at 119.57 in the Thursday session, were marked 3.4% higher in after-hours trading immediately following the earnings release to indicate a Friday opening bell price of $123.70 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
Read more...
TheStreet
Amazon earnings blast Street forecasts, but holiday sales outlook muted
Amazon firmly topped Street earnings forecasts for the third quarter, but its end-of-year revenue forecast may suggest muted consumer spending over the holiday period.
*Lilbits: Samsung’s Temporary Cloud Backup could make switching (Samsung) phones easier*
Samsung has unveiled a new Temporary Cloud Backup feature for Galaxy S and Z series smartphones running One UI 6 that should make it a lot easier to backup and restore data when repairing or switching phones. Basically it offers unlimited cloud storage for your files… for a limited time. You can take up as […] The post Lilbits: Samsung’s Temporary Cloud Backup could make switching (Samsung) phones easier appeared first on Liliputing.
[Read more...](https://liliputing.com/lilbits-samsungs-temporary-cloud-backup-could-make-switching-samsung-phones-easier/)
Samsung has unveiled a new Temporary Cloud Backup feature for Galaxy S and Z series smartphones running One UI 6 that should make it a lot easier to backup and restore data when repairing or switching phones. Basically it offers unlimited cloud storage for your files… for a limited time. You can take up as […] The post Lilbits: Samsung’s Temporary Cloud Backup could make switching (Samsung) phones easier appeared first on Liliputing.
[Read more...](https://liliputing.com/lilbits-samsungs-temporary-cloud-backup-could-make-switching-samsung-phones-easier/)
*Казачьи чины*
via forma full 5 https://ift.tt/7AVItLU Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3575348.html)
via forma full 5 https://ift.tt/7AVItLU Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3575348.html)
Forma-Odezhda
Казачьи чины
Узнайте о Казачьи чины в энциклопедии магазина Форма одежды.
Казачьи чины
via forma full 5 https://ift.tt/7AVItLU Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
via forma full 5 https://ift.tt/7AVItLU Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Казачьи чины
Узнайте о Казачьи чины в энциклопедии магазина Форма одежды.
*I Didn’t Think I Needed a Bed Blanket — Until I Tried This All-Season One That I’m Never Sleeping Without*
It's perfect for transitional weather and helped me sleep comfortably during a heatwave immediately followed by chilly weather. READ MORE...
[Read more...](https://www.apartmenttherapy.com/boll-and-branch-lightweight-bed-blanket-review-ll-37329468?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
It's perfect for transitional weather and helped me sleep comfortably during a heatwave immediately followed by chilly weather. READ MORE...
[Read more...](https://www.apartmenttherapy.com/boll-and-branch-lightweight-bed-blanket-review-ll-37329468?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*Военизированная*
via forma full 5 https://ift.tt/IWQr89E Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3571908.html)
via forma full 5 https://ift.tt/IWQr89E Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3571908.html)
Forma-Odezhda
Военизированная охрана
Узнайте о Военизированная охрана в энциклопедии магазина Форма одежды.
Военизированная
via forma full 5 https://ift.tt/IWQr89E Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
via forma full 5 https://ift.tt/IWQr89E Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Военизированная охрана
Узнайте о Военизированная охрана в энциклопедии магазина Форма одежды.
*Виды и рода войск ВС*
via forma full 5 https://ift.tt/GpWvquw Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3573306.html)
via forma full 5 https://ift.tt/GpWvquw Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3573306.html)
Forma-Odezhda
Виды и рода войск ВС РФ
Узнайте о Виды и рода войск ВС РФ в энциклопедии магазина Форма одежды.
Виды и рода войск ВС
via forma full 5 https://ift.tt/GpWvquw Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
via forma full 5 https://ift.tt/GpWvquw Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
Forma-Odezhda
Виды и рода войск ВС РФ
Узнайте о Виды и рода войск ВС РФ в энциклопедии магазина Форма одежды.
*U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected*
submitted by /u/TheStinkfoot to r/news [link] [comments]
[Read more...](https://www.reddit.com/r/news/comments/17gvmdc/us_gdp_grew_at_a_49_annual_pace_in_the_third/)
submitted by /u/TheStinkfoot to r/news [link] [comments]
[Read more...](https://www.reddit.com/r/news/comments/17gvmdc/us_gdp_grew_at_a_49_annual_pace_in_the_third/)
Reddit
From the news community on Reddit: U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
Explore this post and more from the news community
U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
submitted by /u/TheStinkfoot to r/news link comments
Read more...
submitted by /u/TheStinkfoot to r/news link comments
Read more...
Reddit
From the news community on Reddit: U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
Explore this post and more from the news community
*saying that “anime is an escape from politics” with an AOT profile picture is insane*
submitted by /u/parrotsaregoated to r/facepalm [link] [comments]
[Read more...](https://www.reddit.com/r/facepalm/comments/17gvud9/saying_that_anime_is_an_escape_from_politics_with/)
submitted by /u/parrotsaregoated to r/facepalm [link] [comments]
[Read more...](https://www.reddit.com/r/facepalm/comments/17gvud9/saying_that_anime_is_an_escape_from_politics_with/)
Reddit
From the facepalm community on Reddit: saying that “anime is an escape from politics” with an AOT profile picture is insane
Explore this post and more from the facepalm community
saying that “anime is an escape from politics” with an AOT profile picture is insane
submitted by /u/parrotsaregoated to r/facepalm link comments
Read more...
submitted by /u/parrotsaregoated to r/facepalm link comments
Read more...
Reddit
From the facepalm community on Reddit: saying that “anime is an escape from politics” with an AOT profile picture is insane
Explore this post and more from the facepalm community
*Nine doors, Knicky Knocky*
submitted by /u/Spiritual_Bird_3338 to r/BrandNewSentence [link] [comments]
[Read more...](https://www.reddit.com/r/BrandNewSentence/comments/17gw2ui/nine_doors_knicky_knocky/)
submitted by /u/Spiritual_Bird_3338 to r/BrandNewSentence [link] [comments]
[Read more...](https://www.reddit.com/r/BrandNewSentence/comments/17gw2ui/nine_doors_knicky_knocky/)
Reddit
From the BrandNewSentence community on Reddit: Nine doors, Knicky Knocky
Explore this post and more from the BrandNewSentence community
Nine doors, Knicky Knocky
submitted by /u/SpiritualBird3338 to r/BrandNewSentence link comments
Read more...
submitted by /u/SpiritualBird3338 to r/BrandNewSentence link comments
Read more...
Reddit
From the BrandNewSentence community on Reddit: Nine doors, Knicky Knocky
Explore this post and more from the BrandNewSentence community
*What makes you roll your eyes every time you hear it?*
submitted by /u/Majorpain2006 to r/AskReddit [link] [comments]
[Read more...](https://www.reddit.com/r/AskReddit/comments/17gw5v7/what_makes_you_roll_your_eyes_every_time_you_hear/)
submitted by /u/Majorpain2006 to r/AskReddit [link] [comments]
[Read more...](https://www.reddit.com/r/AskReddit/comments/17gw5v7/what_makes_you_roll_your_eyes_every_time_you_hear/)
Reddit
From the AskReddit community on Reddit
Explore this post and more from the AskReddit community
What makes you roll your eyes every time you hear it?
submitted by /u/Majorpain2006 to r/AskReddit link comments
Read more...
submitted by /u/Majorpain2006 to r/AskReddit link comments
Read more...
Reddit
From the AskReddit community on Reddit
Explore this post and more from the AskReddit community
*AITA for telling my wife to "calm down" after she screamed at my family?*
I know telling anyone to calm down does the opposite. It simply came out but she was being ridiculous in my opinion. My wife isn't a fan of my family. None of them have done anything to her personally but she states it's because all of them give her backhanded comments or "unhelpful helping" (unsolicited advice basically) and she's tired of dealing with it. Understandable. But it takes zero effort to be civil for my sake. She says she shouldn't have to be civil to people who don't respect her or take her seriously. So she gave birth a month ago to our daughter and on Sunday, I invited my mom and a few other family members down to meet the baby. She didn't even want my family to come here because her family hasn't met the baby yet but ultimately she said "whatever". My wife pumped for the occasion because she knew people would ask to feed her (our daughter has never used a bottle, as she's strictly breastfed). But anyways, my wife was visibly pissed off with how much the baby was being passed around and at one point I told her to maybe go take a shower or something to cool off. She said no and said she needed to be there to "watch" and make sure nothing happened. All because the baby wasnt passed back to her when she started crying, despite my wife saying she wanted her back. Okay, I didn't push it (she has PPD, being treated). Well, at one point my mom had the baby and was feeding her the pumped breast milk and she started choking on the bottle. My mom is slow so she recognized the issue but didn't sit her up as quickly as my wife liked so my wife immediately stepped in and took the baby to sit her up right. My mom said "I have kids you know. I know what I'm doing. I'm not fucking stupid." And my wife snapped and said "really? That's why you just kept her on her back while she's choking and puking?" And eventually handed the baby back off to my mom but then the baby choked again and my wife just lost it because again, my mom didn't sit the baby up with urgency like my wife wanted. My mom tried protesting and saying she was being ridiculous and my wife told her to shut the fuck up and get out. I told her she needs to go calm the fuck down. Now I'm getting the silent treatment because I "defended my mother and clearly want the baby to aspirate on her own vomit", as well as calling us all "fucking idiots". submitted by /u/Significant_Dance627 to r/AITAH [link] [comments]
[Read more...](https://www.reddit.com/r/AITAH/comments/17gxor5/aita_for_telling_my_wife_to_calm_down_after_she/)
I know telling anyone to calm down does the opposite. It simply came out but she was being ridiculous in my opinion. My wife isn't a fan of my family. None of them have done anything to her personally but she states it's because all of them give her backhanded comments or "unhelpful helping" (unsolicited advice basically) and she's tired of dealing with it. Understandable. But it takes zero effort to be civil for my sake. She says she shouldn't have to be civil to people who don't respect her or take her seriously. So she gave birth a month ago to our daughter and on Sunday, I invited my mom and a few other family members down to meet the baby. She didn't even want my family to come here because her family hasn't met the baby yet but ultimately she said "whatever". My wife pumped for the occasion because she knew people would ask to feed her (our daughter has never used a bottle, as she's strictly breastfed). But anyways, my wife was visibly pissed off with how much the baby was being passed around and at one point I told her to maybe go take a shower or something to cool off. She said no and said she needed to be there to "watch" and make sure nothing happened. All because the baby wasnt passed back to her when she started crying, despite my wife saying she wanted her back. Okay, I didn't push it (she has PPD, being treated). Well, at one point my mom had the baby and was feeding her the pumped breast milk and she started choking on the bottle. My mom is slow so she recognized the issue but didn't sit her up as quickly as my wife liked so my wife immediately stepped in and took the baby to sit her up right. My mom said "I have kids you know. I know what I'm doing. I'm not fucking stupid." And my wife snapped and said "really? That's why you just kept her on her back while she's choking and puking?" And eventually handed the baby back off to my mom but then the baby choked again and my wife just lost it because again, my mom didn't sit the baby up with urgency like my wife wanted. My mom tried protesting and saying she was being ridiculous and my wife told her to shut the fuck up and get out. I told her she needs to go calm the fuck down. Now I'm getting the silent treatment because I "defended my mother and clearly want the baby to aspirate on her own vomit", as well as calling us all "fucking idiots". submitted by /u/Significant_Dance627 to r/AITAH [link] [comments]
[Read more...](https://www.reddit.com/r/AITAH/comments/17gxor5/aita_for_telling_my_wife_to_calm_down_after_she/)
Reddit
From the AITAH community on Reddit
Explore this post and more from the AITAH community