Amazon Q3 2023 Smashing Records With Soaring Profits But Aws Leaves

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ...

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ... Amazon (AMZN) crushed Q3 estimates with better-than-expected net sales, profits, and subscription revenues, and more importantly, a beat on the company’s AWS, all of which offset compressed margins Ecommerce giant Amazoncom Inc (NASDAQ:AMZN) reported third-quarter financial results Thursday after market close Here are the key highlights What Happened: Amazon reported third-quarter net sales

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ...

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ... Amazon beat estimates for its third-quarter earnings with $1802 billion in revenue, up 13% year-over-year, and earnings per share of $195, up from $143 in the year-ago period Amazon shares were up Amazon shares jumped 10% on Thursday as the company’s third quarter numbers beat Wall Street forecasts on the top and bottom lines by a lot and by even more for the closely watched Amazon Web Services AWS growth is under pressure, with Q1–Q3 2025 showing around 17% YoY growth, below market expectations, partly due to capacity constraints and power limitations Increasing preference for AI-first, Amazoncom Inc had a tough Monday morning as its cloud-infrastructure business suffered outages that briefly took down several major apps and websites But shares of Amazon AMZN were up fractionally

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ...

Amazon Q3 2023: Smashing Records With Soaring Profits, But AWS Leaves ... AWS growth is under pressure, with Q1–Q3 2025 showing around 17% YoY growth, below market expectations, partly due to capacity constraints and power limitations Increasing preference for AI-first, Amazoncom Inc had a tough Monday morning as its cloud-infrastructure business suffered outages that briefly took down several major apps and websites But shares of Amazon AMZN were up fractionally

What to expect from Amazon's earnings report as AWS faces pressure from rivals