Amazon announced its balance sheet for the July-September period. Accordingly, the company’s revenue increased by 11 percent in the third quarter of the year compared to the same period last year, reaching 158.9 billion dollars. The company’s revenue was recorded as 143.1 billion dollars in the same period last year.
Amazon’s third-quarter revenue exceeded market expectations of $157.2 billion.
The company’s net profit increased by 55 percent in this period, reaching 15.3 billion dollars. Amazon’s net profit was $9.9 billion in the same period last year.
The e-commerce giant’s profit per share, which was 94 cents in the third quarter of last year, increased to $1.43 in the second quarter of this year.
The market expectation for Amazon’s profit per share was $1.14. Announcing its predictions for the fourth quarter of the year, Amazon stated that it expects its revenue to be between $181.5 billion and $188.5 billion in this quarter.
Source: www.dunya.com
