Amazon reports Q3 results with sales, profits growth

Amazon.com Inc. on Thursday announced financial results for its third quarter ending Sept. 30, with net sales increasing 11 percent to 158.9 billion U.S. dollars year over year, reported Xinhua.

Its North America segment sales increased 9 percent year over year to 95.5 billion dollars, and its international segment sales increased 12 percent year over year to 35.9 billion dollars, or increased 11 percent excluding changes in foreign exchange rates.

AWS segment sales increased 19 percent year over year to 27.5 billion dollars.

According to its financial report, Amazon's net income increased to 15.3 billion dollars in the third quarter, or 1.43 dollars per diluted share, compared with 9.9 billion dollars, or 0.94 dollars per diluted share a year ago.

The company's operating cash flow increased 57 percent to 112.7 billion dollars for the trailing 12 months, compared with 71.7 billion dollars for the trailing 12 months ending Sept. 30, 2023.

Free cash flow increased to 47.7 billion dollars for the trailing 12 months, compared with 21.4 billion dollars for the trailing 12 months ending Sept. 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 Andy Jassy, Amazon president & CEO.

In the company's fourth-quarter guidance, net sales are expected to be between 181.5 billion and 188.5 billion dollars, or to grow between 7 percent and 11 percent, compared with the fourth quarter of 2023.

Operating income is expected to be between 16.0 billion and 20.0 billion dollars, compared with 13.2 billion dollars in the fourth quarter of 2023.