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Amazon.com, Inc. (AMZN) Q3 2024 Earnings Call Transcript Summary

moomoo AI20:47 ET · Conference Call

Ignite confidence in AI! Amazon's Q3 net profit increased by 55% year-on-year, with AWS cloud computing growth accelerating.

①The financial report shows that amazon's third-quarter revenue and earnings per share both exceeded Wall Street expectations, causing the company's stock price to soar nearly 6% in after-hours trading. ②Compared to Meta, amazon's investment returns in the field of AI seem to be more clear: in the third quarter of this year, amazon's AWS cloud computing business unit's revenue increased by 19% year-on-year, higher than the 12% growth rate in the same period last year.

cls.cn20:45 ET

Apple's quarterly revenue exceeded expectations, but sales in greater china remained stagnant.

①Apple's revenue in this quarter reached $94.93 billion, an increase of 6% year-on-year, with adjusted earnings per share of $1.64, both stronger than market expectations; ②Apple incurred a one-time tax expense of $10.2 billion earlier this year due to a ruling by the European Union, resulting in a nearly 36% year-on-year decline in net income for the quarter.

cls.cn18:43 ET