Summary by Moomoo AI
On October 31, 2024, Amazon.com, Inc. reported its financial results for the third quarter of 2024. The company saw a net sales increase of 11% to $158.9 billion compared to the third quarter of 2023, with a slight unfavorable impact from foreign exchange rates. Sales growth was observed across all segments, with North America at 9%, International at 12%, and AWS at 19%. Operating income rose to $17.4 billion, up from $11.2 billion in the same quarter of the previous year. Net income also increased significantly to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in the third quarter of 2023. The company's operating cash flow surged by 57% to $112.7 billion for the trailing twelve months. Amazon's CEO, Andy Jassy, expressed excitement for the upcoming holiday...Show More
