XINHUA – Amazon.com Inc announced financial results for its third quarter ending September 30, with net sales increasing 11 per cent to USD158.9 billion year over year.
Its North America segment sales increased nine per cent year over year to USD95.5 billion, and its international segment sales increased 12 per cent year over year to USD35.9 billion, or increased 11 per cent excluding changes in foreign exchange rates.
Amazon Web Services segment sales increased 19 per cent year over year to USD27.5 billion.According to its financial report, Amazon’s net income increased to USD15.3 billion in the third quarter, or USD1.43 per diluted share, compared with USD9.9 billion, or USD0.94 per diluted share a year ago.
The company’s operating cash flow increased 57 per cent to USD112.7 billion for the trailing 12 months, compared with USD71.7 billion for the trailing 12 months ending September 30, 2023.
Free cash flow increased to USD47.7 billion for the trailing 12 months, compared with USD21.4 billion for the trailing 12 months ending September 30, 2023.
“We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations; and there’s so much more coming,” said Amazon president and Chief Executive Officer Andy Jassy.
In the company’s fourth-quarter guidance, net sales are expected to be between USD181.5 billion and USD188.5 billion, or to grow between seven per cent and 11 per cent, compared with the fourth quarter of 2023.
Operating income is expected to be between USD16 billion and USD20 billion, compared with USD13.2 billion in the fourth quarter of 2023.
