Amazon.com Third Quarter 2024 Earnings: Beats Expectations

Amazon.com (NASDAQ:AMZN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$158.9b (up 11% from 3Q 2023).
• Net income: US$15.3b (up 55% from 3Q 2023).
• Profit margin: 9.6% (up from 6.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.46 (up from US$0.96 in 3Q 2023).

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

Amazon.com Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 5.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Amazon.com's balance sheet and an in-depth analysis of the company's financial position.

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