Amazon.com Third Quarter 2022 Earnings: EPS Beats Expectations

Amazon.com (NASDAQ:AMZN) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$127.1b (up 15% from 3Q 2021).
• Net income: US$2.87b (down 9.0% from 3Q 2021).
• Profit margin: 2.3% (down from 2.8% in 3Q 2021).
  • The decrease in margin was driven by higher expenses.
• EPS: US$0.28 (down from US$0.31 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amazon.com EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Online Retail industry in the US.

Performance of the American Online Retail industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Amazon.com (1 can't be ignored!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.