Amazon Q3 AWS Net Sales Hit $45.98 Billion, Beating Expectations

Amazon's third-quarter net sales were $201.94 billion, versus an estimated $202.26 billion. AWS net sales were $45.98 billion, versus an estimated $45.68 billion. Earnings per share were $1.89, versus an estimated $1.97. Operating profit was $28.08 billion, versus an estimated $26.06 billion. The operating margin was 13.9%, versus an estimated 12.9%. The North America operating margin was +7.7%, versus an estimated +6.61%. Fulfillment expenses were $30.0 billion, versus an estimated $29.71 billion. Amazon expects fourth-quarter net sales of $240 billion to $247 billion, versus a market estimate of $244.52 billion. It expects operating profit of $28.5 billion to $33.5 billion, versus a market estimate of $32.99 billion. (Cailian Press)