Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.
David Paul Morris | David Paul Morris Bloomberg | Getty Images
Amazon report Third-quarter profit and revenue beat expectations, driven by growth in its cloud computing and advertising businesses. The stock moved higher in extended trading.
This is the result.
- income: LSE forecast $1.43 per share vs $1.14 per share
- income: US$158.88 billion, compared with US$157.2 billion expected by LSEG
Wall Street is also paying attention to several other numbers from the report:
- Amazon Web Services: $27.4 billion compared with expectations of $27.5 billion, according to StreetAccount
- advertise: $14.3 billion compared with expectations of $14.3 billion, according to StreetAccount
In the cloud field, Amazon Web Services revenue was in line with consensus expectations, but grew faster than the same period last year. Sales in this quarter increased by 19% compared with the same period last year, while sales in the same period last year increased by only 12%.
Advertising is another highlight in the report. The division’s sales rose 19% year-over-year to $14.3 billion in the quarter, outpacing the growth of Amazon’s core retail business.
Amazon and appleThe company also reports quarterly results on Thursday, capping a busy week of earnings for top technology companies. letter Results reported on Tuesday were better than expected, driven by growth in the cloud. Microsoft The disappointing guidance on Wednesday sent the stock into its worst sell-off in two years, while Yuan It beat expectations but warned of a sharp increase in infrastructure spending next year.
This story is developing. Please check back for updates.
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