Amazon Q3 Earnings: AWS Growth Accelerates Amid Revenue and EPS Misses
Amazon reported third-quarter financial results characterized by a significant 39% year-over-year revenue surge in its Amazon Web Services (AWS) division. However, the company's overall performance fell short of Wall Street expectations, with GAAP earnings per share (EPS) of $1.89 missing estimates by $0.07 and total revenue of $201.9 billion missing targets by $360 million. Despite the strong cloud growth, Amazon's stock faced downward pressure as investors reacted to sales and capital expenditure guidance. Concerns regarding how increased spending might impact future cash flow overshadowed the momentum seen in the AWS segment, leading to a cautious market reaction.
Tickers: $AMZN
Topics: AWS growth capital expenditure cash flow earnings miss revenue guidance
Read the full article at Seeking Alpha
Part of the story Amazon AWS Reports 39% Revenue Growth and Increased Operating Income in Q3 (3 articles)