Amazon's Q3 earnings show strong growth with a 10.4% stock increase, making it a good investment

From Nasdaq: 2024-11-29 10:55:00

Amazon (AMZN) has shown strong growth in Q3 2024, with a 10.4% stock increase since earnings. Impressive results include $158.9 billion revenue, $17.4 billion operating income, and $1.43 EPS. AWS revenue grew 19.1% to $27.5 billion. E-commerce saw $95.5 billion in North America sales and $35.9 billion internationally. Advertising revenue hit $14.3 billion.

Amazon’s strong financials, AI leadership, and e-commerce innovation make it an appealing investment. Operating cash flow rose 57% to $112.7 billion, free cash flow to $47.7 billion. Forward P/S ratio is 3.09X. Q4 2024 outlook is $181.5-$188.5 billion in sales and $16-$20 billion operating income.

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