As a seasoned gamer who has witnessed the rise and fall of many tech giants over the years, I must admit, Amazon’s Q3 2024 earnings results left me quite impressed. The company’s ability to consistently outperform expectations is akin to a level boss in a game that you thought was impossible to beat, but with a strategic move or two, you manage to knock them down.
For the most recent fiscal quarter, Amazon, one of the major tech firms, has disclosed its financial results. The company performed exceptionally well during Q3 2024. In contrast to analyst predictions from Wall Street, Amazon’s revenue and earnings per share (EPS) surpassed expectations, signifying a successful quarter for the company.
This week, Amazon Inc. published its Q3 2024 earnings report on its investor relations site. For the quarter’s revenue, Amazon reported a total of $158.9 billion, surpassing the anticipated $157 billion by Wall Street analysts. Regarding Earnings Per Share (EPS), Amazon posted an impressive figure of $1.43 per share, not only beating the predicted $1.14 but also exceeding the Earnings Whisper number estimate of $1.20 per share.
Amazon maintains a significant presence in technology, largely because Amazon Web Services (AWS) ranks among the top global providers of cloud data services. To sustain this dominance, the corporation has poured substantial resources into strengthening AWS, particularly through energy programs and power plants that will supply the necessary power for its services in the future.
As Amazon pours a significant amount of resources into AWS, which consistently thrives, we’re eager to witness how Amazon’s future unfolds once their investments bear fruit. Keep an eye on Shacknews for the latest updates and insights about Amazon!
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2024-11-01 00:27