Amazon.Com, Inc. ( (AMZN) ) has released its Q3 earnings. Here is a breakdown of the information Amazon.Com, Inc. presented to its investors.
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Amazon.com, Inc., a leader in the e-commerce and cloud computing sectors, is renowned for its customer-centric approach, offering a vast array of products and services, including AWS, Kindle, and more. In the third quarter of 2024, Amazon reported a notable increase in net sales by 11% to $158.9 billion compared to the previous year, with significant contributions from all segments, especially AWS, which saw a 19% rise. The company’s operating income also surged to $17.4 billion from $11.2 billion, showcasing robust growth across North America, International, and AWS segments. Noteworthy achievements include the record-breaking Prime Big Deal Days and strategic advancements in AI and cloud services. Looking ahead, Amazon anticipates continued growth in the fourth quarter, projecting net sales between $181.5 billion and $188.5 billion, reflecting a 7% to 11% increase year-over-year, driven by its innovative offerings and strategic expansions.
