- Amazon’s net sales for the third quarter came in at $143.08 billion, marking a 13% increase year-over-year and beating estimates of $141.56 billion.
- Net sales from online stores rose by 7.1% to $57.27 billion, surpassing the estimated $56.82 billion.
- Physical store net sales amounted to $4.96 billion, a 5.6% increase year-over-year, slightly under the estimated $4.99 billion.
- Third-party seller services saw a significant increase of 20% in net sales, reaching $34.34 billion and beating the estimate of $33.4 billion.
- Subscription services net sales were $10.17 billion, a 14% increase year-over-year, slightly above the estimated $10.13 billion.
- Amazon Web Services (AWS) net sales were $23.06 billion, a 12% increase year-over-year, just under the estimated $23.13 billion.
- North America net sales rose by 11% to $87.89 billion, beating the $87.12 billion estimate.
- International net sales increased by 16% to $32.14 billion, slightly above the estimated $32.08 billion.
- Earnings per share (EPS) were 94 cents, marking a significant increase from 65 cents in the previous quarter and beating the estimate of 58 cents.
- Operating income was $11.19 billion, a massive increase from $2.53 billion year-over-year, and significantly higher than the estimated $7.71 billion.
- Operating margin was 7.8%, up from 2% year-over-year, and higher than the estimated 5.46%.
- Fulfillment expenses increased by 8.4% to $22.31 billion, slightly above the estimated $22.14 billion.
- Seller unit mix was at 60%, up from 58% year-over-year, and slightly above the estimated 58.6%.
- Amazon’s shares rose by 4.4% in post-market trading to $124.88.
Amazon.com Inc on Smartkarma
Analysts on Smartkarma, an independent investment research network, are providing positive coverage of Amazon.com Inc. Srinidhi Raghavendra‘s research report “Who Is Lina Khan? Why Should Investors Bother?” looks at how Amazon can survive regulatory assault, while Baptista Research‘s “Amazon.com Inc.: How Is The Revenue Diversification Beyond AWS & E-Commerce Catalyzing Growth? – Major Drivers” explores how Amazon’s revenue diversification is catalyzing growth. MBI Deep Dives‘ report “Amazon 2Q’23 Earnings Update” highlights the mix-shift from product to services, while Vladimir Dimitrov, CFA‘s research report “Amazon: Monetary Conditions Are In The Driver’s Seat And Higher Margins Are Already Priced-In” investigates the impact of monetary conditions on Amazon’s share price. Lastly, Baptista Research‘s “Amazon.com Inc.: International Expansion & Innovation As A Key Growth Driver – Financial Forecasts” looks at how Amazon’s international expansion and innovation are driving growth.
A look at Amazon.com Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Amazon.com Inc has a long-term outlook that looks very positive. The company’s Smartkarma Smart Scores indicate that it is well-positioned for growth, resilience, and momentum, scoring 3, 3, and 4 respectively. Furthermore, Amazon.com Inc‘s value and dividend scores are 2 and 1 respectively, showing that it is a great buy for investors.
Amazon.com, Inc. is an online retailer that offers a wide range of products, including books, music, videotapes, computers, electronics, home and garden, and numerous other products. The company also provides personalized shopping services, Web-based credit card payment, and direct shipping to customers, making it a great choice for customers looking for convenience and choice.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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