**
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*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*
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Forma-Odezhda
Казачьи чины
Узнайте о Казачьи чины в энциклопедии магазина Форма одежды.
Казачьи чины
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Forma-Odezhda
Казачьи чины
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*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...
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It's perfect for transitional weather and helped me sleep comfortably during a heatwave immediately followed by chilly weather. READ MORE...
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*Военизированная*
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Forma-Odezhda
Военизированная охрана
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Военизированная
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Forma-Odezhda
Военизированная охрана
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*Виды и рода войск ВС*
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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
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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]
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Reddit
From the news community on Reddit: U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
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U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
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Reddit
From the news community on Reddit: U.S. GDP grew at a 4.9% annual pace in the third quarter, better than expected
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*saying that “anime is an escape from politics” with an AOT profile picture is insane*
submitted by /u/parrotsaregoated to r/facepalm [link] [comments]
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Reddit
From the facepalm community on Reddit: saying that “anime is an escape from politics” with an AOT profile picture is insane
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saying that “anime is an escape from politics” with an AOT profile picture is insane
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Reddit
From the facepalm community on Reddit: saying that “anime is an escape from politics” with an AOT profile picture is insane
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*Nine doors, Knicky Knocky*
submitted by /u/Spiritual_Bird_3338 to r/BrandNewSentence [link] [comments]
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Reddit
From the BrandNewSentence community on Reddit: Nine doors, Knicky Knocky
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Nine doors, Knicky Knocky
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Reddit
From the BrandNewSentence community on Reddit: Nine doors, Knicky Knocky
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*What makes you roll your eyes every time you hear it?*
submitted by /u/Majorpain2006 to r/AskReddit [link] [comments]
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Reddit
From the AskReddit community on Reddit
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What makes you roll your eyes every time you hear it?
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From the AskReddit community on Reddit
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