{"id":91613,"date":"2023-10-27T16:34:56","date_gmt":"2023-10-27T12:34:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=91613"},"modified":"2023-10-27T16:34:57","modified_gmt":"2023-10-27T12:34:57","slug":"amazon-gains-6-after-a-strong-q3-print","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/amazon-gains-6-after-a-strong-q3-print\/10\/27\/market-updates\/","title":{"rendered":"Amazon gains 6% after a &#8216;strong&#8217; Q3 print"},"content":{"rendered":"\n<p>Amazon exceeded Wall Street expectations in its third-quarter results, with notable growth in its cloud business and a substantial increase in advertising revenue. Following the report, Amazon&#8217;s stock rose 6% in pre-market trading.<\/p>\n\n\n\n<p>In Q3, Amazon reported earnings per share (EPS) of $0.94 on revenue totaling $143.1 billion, outperforming estimates of $0.58 on revenue of $141.53 billion. Net sales in North America experienced an 11% increase, reaching $87.9 billion compared to the previous year.<\/p>\n\n\n\n<p>Amazon Web Services (AWS), the company&#8217;s cloud business segment, demonstrated a revenue growth of 12%, amounting to $23.1 billion. While this slightly missed the estimated $23.2 billion, AWS&#8217;s operating income surged by 29% to $6.98 billion. Additionally, the advertising revenue saw a substantial boost, rising by 26% to $12.06 billion from the previous year.<\/p>\n\n\n\n<p>Looking ahead to Q4, Amazon projected revenue from $160 billion to $167 billion, aligning with market expectations of $167.2 billion. The company also provided a guidance for operating income between $7.0 billion and $11.0 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon exceeded Wall Street expectations in its third-quarter results, with notable growth in its cloud business and a substantial increase in advertising revenue. Following the report, Amazon&#8217;s stock rose 6% in pre-market trading. In Q3, Amazon reported earnings per share (EPS) of $0.94 on revenue totaling $143.1 billion, outperforming estimates of $0.58 on revenue of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":55058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6933,10435,7113,8109],"class_list":["post-91613","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-amazon","tag-cost-cutting","tag-earnings","tag-q2"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=91613"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91613\/revisions"}],"predecessor-version":[{"id":91614,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/91613\/revisions\/91614"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55058"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=91613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=91613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=91613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}