Amazon.com Inc. announced on Thursday in a press release that its net sales in the third trimester of fiscal 2023 jumped 13% year over year to reach $143.1 billion, surpassing analysts' expectations.
In the three months ending September 30, on an annual basis, net income skyrocketed 241% to $9.9 billion, with diluted earnings per share soaring 235% to $0.94. In the reported period, operating income surged 348% compared to the same timeframe in 2022, amounting to $11.2 billion. Year over year, Amazon Web Services segment sales grew 12%, standing at $23.1 billion.
"We had a strong third quarter as our cost to serve and speed of delivery in our Stores business took another step forward, our AWS growth continued to stabilize, our Advertising revenue grew robustly, and overall operating income and free cash flow rose significantly," CEO Andy Jassy noted. In the fourth quarter, the company expects net sales of between $160 billion and $167 billion. Amazon's stock rose 3.33% in the after-hours trade following the release of the report.
