Amazon: Q3 well above estimates
(CercleFinance.com) - Published on Thursday evening, once again the US e-commerce giant Amazon published Q3 results that easily outstripped market expectations.
The group posted net income of 2.9 billion dollars over the period, or 5.75 dollars per share. Last year, net income was "only" 256 million dollars, or 52 cents per share. The bottom line has therefore increased eleven-fold in the third quarter!
The consensus anticipated this sharp increase in the group's result, albeit to a lesser extent, expecting EPS of 3.2 dollars.
Meanwhile, revenues increased by 29% y-o-y to 56.58 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The group posted net income of 2.9 billion dollars over the period, or 5.75 dollars per share. Last year, net income was "only" 256 million dollars, or 52 cents per share. The bottom line has therefore increased eleven-fold in the third quarter!
The consensus anticipated this sharp increase in the group's result, albeit to a lesser extent, expecting EPS of 3.2 dollars.
Meanwhile, revenues increased by 29% y-o-y to 56.58 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.