Amazon's Q3 net sales up 11% to $159B - Breaking The News
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Amazon's Q3 net sales up 11% to $159B

EPA-EFE/JUSTIN LANE

Amazon.com Inc. revealed on Thursday that its net sales for the third quarter of fiscal 2024 increased by 11% year-on-year to stand at $159 billion, exceeding the analysts' estimates.

The company's net income reached $15.3 billion, jumping by 55.16% compared to the same quarter in the previous year, while its diluted earnings per share (EPS) surged by 52.13% year over year to $1.43. Total operating income in the quarter ending September 2024 was $17.4 billion, rising by 55.62% compared to the same period in the prior year.

"As we get into the holiday season, we're excited about what we have in store for customers. We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations," Amazon CEO Andy Jassy stated, adding that "there's so much more coming."

The tech giant's shares climbed by 4.08% during after-hours trading and sold for $186.19 at 4:13 pm ET.

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