Amazon’s cloud just cleared. The company posted $180.2 billion in revenue, a $1.95 EPS, and 20% growth in Amazon Web Services (AWS) — its strongest pace in more than a year. The beats landed across the board: revenue up 13% from a year earlier, profit above expectations, and guidance for the holiday quarter steady to slightly higher. Shares jumped around 13% in after-hours trading as Wall Street recalibrated: Maybe the world’s largest retailer is also back to being one of its most formidable cloud compani ...

Let's get another check on Amazon. Those shares still surging up almost 9% after a beat on the top and bottom lines. Amazon Web Services, the cloud unit for Q3 revenue jumped 20%.Joining me now is Rohit Kalc Carney from Roth MKM. Roit uh $33 billion here in AWS revenue and um you know operating income for uh AWS looking pretty solid considering the layoffs that they're planning as well. Is this what the street is excited about here.>> Yeah, I think the the magic number is 20% year-on-year growth. uh that's ...

Core Insights - Amazon's shares surged nearly 9% following a strong earnings report, with Amazon Web Services (AWS) revenue increasing by 20% year-on-year, reaching $33 billion in Q3 [1][2] - The growth rate of AWS is the fastest seen in several quarters, indicating a positive trend in cloud and AI services [2] - Investors are optimistic about AWS's performance obligations and capital expenditures (capex), which are expected to rise from the current $120 billion to around $127-128 billion next year [5] AWS Performance - AWS's revenue growth and the acceleration of Remaining Performance Obligations (RPO) are key indicators of future cloud growth [4] - The wider the gap between revenue growth and RPO growth, the more bullish investor sentiment will be [4] Retail Segment - Retail is undergoing a long-term shift towards profitable growth, with Amazon focusing on controlled investments and improving profitability through advertising [7][8] - The company is expected to face challenges in Q4 due to discounting and shipping costs, but guidance for operating income is anticipated to be wider due to the variability in retail outcomes [7] Advertising Growth - Amazon is enhancing its advertising capabilities, moving beyond just bottom-of-funnel conversions to a more comprehensive advertising solution [10] - Partnerships with platforms like Pinterest and the integration of Prime Video are positioning Amazon as a significant advertising partner for brands outside of its traditional retail space [10]

Core Insights - Amazon's shares increased by 10% following strong third-quarter results that exceeded Wall Street expectations for both revenue and net income, particularly in the Amazon Web Services (AWS) division [1] - Revenue for the September quarter rose by 13% to $180 billion, with AWS revenue growing by 20% [1] - Net income per share reached $1.95, significantly boosted by gains from investments in Anthropic [1] Financial Performance - Operating income remained flat at $17.4 billion, which included a $2.5 billion settlement with the FTC and $1.8 billion in estimated severance charges due to planned layoffs [2] - The company announced 14,000 layoffs across various divisions, with video games being notably affected [2] AWS Performance - AWS experienced a significant outage recently, impacting numerous applications and websites, which heightened the need for positive news from this division [3][4] - CEO Andy Jassy reported that AWS is growing at a rate not seen since 2022, with a year-over-year growth rate of 20.2% [5] Strategic Initiatives - The company is focused on enhancing delivery speeds for Prime members and expanding same-day delivery of perishable groceries to over 2,300 communities by year-end [5] - Amazon has added over 3.8 gigawatts of capacity in the past 12 months to support its growth [5] Entertainment and Viewership - Amazon reported over 70 million global viewers for "The Summer I Turned Pretty" Season 3, marking a 65% increase in viewership compared to Season 2 [6] - The fourth season of Thursday Night Football on Prime Video averaged 15.3 million viewers, a 16% increase over the previous season [6] - The NBA on Prime debuted in over 200 countries, achieving an average audience of 1.25 million viewers in the U.S. during the season-opening doubleheader [6]

Amazon.com Inc.'s stock jumped 10% in after-hours trading Thursday after its cloud division, Amazon Web Services (AWS), delivered its strongest quarterly growth since 2022, easing investor concerns th... ...

Robert Duran of BD8 Capital Partners and Kevin Gordon, head of macro research at Schwab Center for Financial Research. Guys, welcome Kevin. Uh, let's put this in the context of Amazon.We saw some mixed reaction to the results from the big names yesterday. This is a big reaction on Amazon, which disappointed a quarter ago with that 17% AWS growth. I'm looking here and uh the guide for operating income for Q4 is also uh between 21 and 26 billion dollars.That means the low end of this range is where they were ...

Robert Duran of BD8 Capital Partners and Kevin Gordon, head of macro research at Schwab Center for Financial Research. Guys, welcome Kevin. Uh, let's put this in the context of Amazon.We saw some mixed reaction to the results from the big names yesterday. This is a big reaction on Amazon, which disappointed a quarter ago with that 17% AWS growth. I'm looking here and uh the guide for operating income for Q4 is also uh between 21 and 26 billion dollars.That means the low end of this range is where they were ...

up. Let's find out why the earnings are out. Mackenzie Sagales has the numbers.Mackenzie, >> hey there, John. Shares up almost 10% right now after a beat on the top and bottom line. We're looking at $1.95% for EPS in the third quarter versus $157 expected for revenue.Another beat of 180.17% billion versus 177.8% billion expected. But AWS, its cloud business, its profitability engine, that's where everybody was looking. We're looking at a beat there of 33 billion versus 32.42% billion expected.What's really ...

Core Insights - The company reported earnings that exceeded expectations, with an EPS of $1.95 compared to the expected $1.57 [1] - Revenue also surpassed forecasts, coming in at $180.17 billion against an expectation of $177.8 billion [1] - The cloud business, AWS, showed strong performance with revenue of $33 billion, exceeding the anticipated $32.42 billion [1] Financial Performance - The year-over-year growth for AWS was reported at 20%, which is above the street's whisper estimates of 18.5% to 19% [2] - The positive earnings report led to a nearly 10% increase in the company's share price [2]

Amazon Stock Jumps 10% After Beating Third Quarter Revenue Expectationshttps://t.co/wnIiHQiV98 https://t.co/BObrPm25IT ...