Amazon reported Q3 net sales of $180.2 billion, up 13% and above expectations, with EPS of $1.95. AWS revenue jumped 20% to $33 billion, marking its strongest growth since 2022. CEO Andy Jassy credited AI for driving expansion across all business segments as shares rose 9% after hours.
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00:02Amazon reported third quarter net sales of $180.2 billion, up 13% year over year and above estimates of $177.8 billion, according to Benzinga Pro.
00:15The company posted earnings per share of $1.95, topping expectations of $1.57.
00:22AWS revenue surged 20% to $33 billion, while North America and international segments rose 11% and 14%, respectively.
00:35Operating income held steady at $17.4 billion, but would have reached $21.7 billion, excluding special charges.
00:43CEO Andy Jassy said AI is driving growth across Amazon's businesses, noting AWS's strongest expansion since 2022.
00:53Amazon expects fourth quarter net sales between $206 billion and $213 billion, and operating income of $21 billion to $26 billion.
01:04Shares rose 9% in after hours, trading to $242.50.
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