Amazon (AMZN) / Jeff Bezos 02 (Nov 18 - Dec 26)

[winston]

not vested

Amazon.com on July 31 forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services (AWS) cloud computing unit after rivals handily beat Wall Street forecasts.

AWS profit margins also contracted.

Amazon said they were 32.9 per cent in the second quarter, down from 39.5 per cent in this year’s first quarter and 35.5 per cent a year ago.

The second-quarter margin results were at their lowest level since the final quarter of 2023.

Source: Phillips

[behappyalways]

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Amazon Soars To Record High On Solid Guidance, Improving AWS Results
https://www.zerohedge.com/markets/amazo ... ws-results

[winston]

not vested

Amazon beat expectations with $180.2 billion in net sales for the quarter, driven by a 20% year-over-year increase in revenue from the company’s cloud business, Amazon Web Services and growth in its digital advertising business.

The results came just days after the company laid off more than 14,000 employees.

Source: Fortune

[winston]

not vested

Amazon.com, Inc. (AMZN) reported after the bell on Thursday and beat expectations.

Earnings increased 36% year-over-year to $1.95 per share. Analysts were expecting $1.58 per share.

Revenue rose 13% to $180.2 billion, topping estimates for $177.8 billion.

Amazon Web Services (AWS) was the star. Cloud revenue rose 20% to $33 billion and segment operating income reached $11.4 billion. Management highlighted accelerating AI demand, noting its custom AI chip, Trainium2, is now a multibillion-dollar business that grew 150% from last quarter.

Additionally, “Project Rainier” went live, which is Amazon’s new large-scale AI compute cluster. It contains roughly 500,000 Trainium2 chips.

Company-wide operating income came in at $17.4 billion, essentially flat year over year due to an FTC settlement and severance tied to planned job cuts.

Advertising continued to scale, with revenue climbing 24% year-over-year to $17.7 billion. The company’s AI-powered tools like Rufus and Help Me Decide are helping to drive that growth by improving product discovery and engagement across its retail platforms.

Following this report, Amazon raised its fourth-quarter sales guidance to a range of $206 billion to $213 billion. In short, Wall Street was delighted with the results, sending the stock up by 10% on Friday. Amazon currently rates a “C” (Neutral) in Stock Grader.

Source: Market 360