Amazon Surpasses Wall Street Expectations with $158 Billion Revenue in Q3

In the third quarter, e-commerce giant Amazon (NASDAQ:AMZN) surpassed Wall Street expectations by reporting revenues driven by a broader product offering and improved delivery models.

The Seattle-based company earned $1.43 per share with revenues reaching $158.9 billion, exceeding analysts' expectations of $1.14 per share and $157.2 billion in revenue.

Operating income rose by 55% to $17.4 billion, while net income increased to $15.

Amazon’s North America sales grew by 9% year-over-year to $95.5 billion, while international sales rose by 12% to $35.8 billion. Revenue from Amazon Web Services, the company's cloud division, increased by 19% year-over-year to $27.5 billion.

Amazon's online store sales for the third quarter climbed by 7% year-over-year to $61.4 billion, exceeding analyst forecasts of $59.6 billion. Revenue from third-party seller services, which includes commissions, order fulfillment, shipping fees, and other charges, increased by 10% year-over-year to $37.8 billion.

For the fourth quarter, Amazon forecasts net sales between $181.5 billion and $188.5 billion. Operating income is expected to be between $16 billion and $20 billion, compared to $13.2 billion in the fourth quarter of 2023.