Consumer Discretionary

Company Management Andrew Jassy – President & CEO Brian Olsavsky – Senior Vice President & CFO Dave Fildes – Director of Investor Relations Analysts Brian Nowak – Morgan Stanley Doug Anmuth – JPMorgan Eric Sheridan – Goldman Sachs Justin Post – Bank of America Mark Mahaney – Evercore ISI Justin Post – Bank of America – Analyst I’ll ask about AWS. I guess the first question is, as you look forward in the fourth quarter, you mentioned you’ve signed some new deals. Are you seeing less cost optimization as you look forward? Or do you think it will be similar to Q3? And then second, you couldn’t help but notice the big margin improvement in AWS all the way back to where you were 7 quarters ago. Could you talk about the drivers and sustainability of those margins? Andrew Jassy – President & CEO Yes, Justin. I think if you look at […]

Amazon.com (AMZN) reported Q3 earnings late Thursday of $0.94 per diluted share, up from $0.28 a year earlier. Analysts polled by Capital IQ expected EPS of $0.58. Net sales for the quarter ended Sept. 30 were $143.08 billion, up from $127.1 billion a year earlier. Analysts surveyed by Capital IQ expected $141.56 billion. The company said it expects Q4 net sales to range between $160 billion and $167 billion. Analysts surveyed by Capital IQ are expecting $167.04 billion.

Amazon.com Announces Third Quarter Results SEATTLE—-October 26, 2023– Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2023. — Net sales increased 13% to $143.1 billion in the third quarter, compared with $127.1 billion in third quarter 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2022. — North America segment sales increased 11% year-over-year to $87.9 billion. — International segment sales increased 16% year-over-year to $32.1 billion, or increased 11% excluding changes in foreign exchange rates. — AWS segment sales increased 12% year-over-year to $23.1 billion. — Operating income increased to $11.2 billion in the third quarter, compared with $2.5 billion in third quarter 2022. — North America segment operating income was $4.3 billion, compared with an operating loss of $0.4 billion in third quarter 2022. —

Amazon Q3 EPS 94 Cents; FactSet Consensus 59 Centsd.

Amazon.com Guides For Q4 Sales of $160-$167 Billion, Vs CIQ Analyst Consensus of $167 Billion.

Amazon.com (AMZN) reported Q3 earnings late Thursday of $0.94 per diluted share, up from $0.28 a year earlier. Analysts polled by Capital IQ expected EPS of $0.58. Net sales for the quarter ended Sept. 30 were $143.08 billion, up from $127.1 billion a year earlier. Analysts surveyed by Capital IQ expected $141.56 billion. The company said it expects Q4 net sales to range between $160 billion and $167 billion. Analysts surveyed by Capital IQ are expecting $167.04 billion.