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Correction: Amazon.com Q3 Earnings, Net Sales Rise; Q4 Outlook Set
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Correction: Amazon.com Q3 Earnings, Net Sales Rise; Q4 Outlook Set
Nov 4, 2024 11:54 AM

06:22 AM EDT, 11/01/2024 (MT Newswires) -- (Corrects to clarify Q4 guidance range in the fifth paragraph.)

Amazon.com ( AMZN ) reported Q3 earnings late Thursday of $1.43 per diluted share, up from $0.94 a year earlier.

Analysts surveyed by Capital IQ expected $1.14.

Net sales for the quarter ended Sept. 30 rose to $158.88 billion from $143.08 billion a year earlier.

Analysts surveyed by Capital IQ expected $157.28 billion.

The company expects Q4 net sales of between $181.5 billion and $188.5 billion. Analysts surveyed by Capital IQ expect $186.26 billion. The company expects operating income for the quarter of between $16 billion and $20 billion, up from $13.2 billion a year earlier.

Shares of Amazon.com ( AMZN ) were up more than 6% in recent Friday premarket trading.

Price: 197.95, Change: +11.55, Percent Change: +6.20

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