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Amazon’s third quarter revenue of 56.6 billion US dollars, net profit rose 10.3 times

Beijing time on October 26 morning news, Amazon today released the third quarter financial report for the 2018 fiscal year. The report showed that Amazon’s third-quarter net profit was $2.883 billion, a 10.3x increase from the net profit of $256 million in the same period last year; net sales were $56.576 billion, an increase of 29% compared to $43.744 million in the same period last year. Amazon’s third-quarter earnings per share exceeded Wall Street analystsexpectations, but revenue and fourth-quarter revenue outlooks failed to meet expectations, resulting in a sharp drop of nearly 8% in its after-hours share price.
In the quarter ended September 30, Amazon’s net profit was $2.883 billion, and diluted earnings per share were $5.75, a performance much better than the same period last year. In the third quarter of fiscal 2017, Amazon’s net profit was $256 million, and diluted earnings per share were $0.52. Amazon’s third-quarter operating profit was $3.724 billion, compared to $347 million in the same period last year.
Amazon’s third quarter net sales were $56.576 billion, a 29% increase from the $43.744 million in the same period last year. Excluding the negative impact of exchange rate changes on Amazon’s net sales of $260 million, Amazon’s third-quarter net sales increased 30% compared to the same period last year.
Amazon’s third-quarter revenue failed to meet Wall Street analysts’ expectations, but earnings per share far exceeded expectations. Financial information provider FactSet survey shows that analysts had expected an average of $57.1 billion in revenue in the third quarter, with earnings per share of $3.08.
In the 12 months ended September 30, 2018, Amazon’s operating cash flow was $26.6 billion, a 57% increase over the same period last year; Amazon’s operations during the 12 months ended September 30, 2017 Cash flow is $17 billion. In the 12 months ended September 30, 2018, Amazon’s free cash flow was $15.4 billion, up from the same period last year; in the 12 months ended September 30, 2017, Amazon’s free cash flow It is 8 billion US dollars. After deducting the lease principal repayment, Amazon’s free cash flow in the past 12 months was $8.1 billion, up from the same period last year; in the 12 months ended September 30, 2017, Amazon deducted the aforementioned project. The free cash flow is $3.5 billion. After deducting the financing lease principal repayment and the assets acquired under the capital lease, Amazon’s free cash flow over the past 12 months was $5.4 billion; in comparison, for the 12 months ended September 30, 2017 In the meantime, Amazon’s free cash flow after deducting the aforementioned items was $1.1 billion.
In July, Amazon expects net sales for the third quarter of FY18 to be $54 billion to $57.5 billion, up 23% to 31% year-on-year, including a negative impact of about 30 basis points expected to be caused by exchange rate changes. Operating profit was $1.4 billion to $2.4 billion, compared to $347 million in operating profit for the same period in 2017.
Geographically, Amazon North America (US, Canada) posted net sales of $34.348 billion in the third quarter, up 35% from $25.546 billion in the same period last year; operating profit was $2.032 billion, much higher than $112 million in the same period last year. . Amazon’s international division (UK, Germany, France, Japan and China) posted net sales of $15.549 billion in the third quarter, up 13% from $13.714 billion in the same period last year; operating loss was $385 million, compared with an operating loss of 9.36 in the same period last year. Compared with the US$100 million, it has narrowed. Amazon AWS Cloud Services posted net sales of $6.679 billion in the third quarter, up 46% from $4.584 billion in the same period last year; operating profit was $2.077 billion, up from $1.171 billion in the same period last year. In the third quarter, Amazon’s sales from the North American division accounted for 61% of total sales, up from 58% in the same period last year; sales from the international sector accounted for 27% of total sales. Lower than 31% in the same period last year; sales from AWS cloud services accounted for 12% of total sales, up from 11% in the same period last year.
According to services and business types, Amazon’s net sales from online stores in the second quarter was $29.061 billion, a 10% increase from the $26.392 million in the same period last year. The impact of exchange rate fluctuations was also 11% year-on-year. Net sales from physical stores were $4.248 billion, compared to $1.276 billion in the same period last year; net sales from third-party seller services were $10.395 billion, up from $7.928 billion in the same period last year. 31%, excluding the impact of exchange rate changes, also increased by 32% year-on-year; net sales from subscription services were $3.698 billion, an increase of 52% compared with $2.441 billion in the same period last year, excluding the impact of exchange rate changes The same year-on-year growth of 52%; net sales from AWS cloud services was 6.679 billion US dollars, an increase of 46% over the same period last year of 4.584 billion US dollars, not including the impact of exchange rate changes, also increased by 46%; from other businesses Net sales were $2.495 billion, an increase of 122% from $1.123 billion in the same period of the previous year. The impact of exchange rate fluctuations was also a year-on-year increase of 123%.
Amazon expects net sales for the fourth quarter of FY18 to be $66.5 billion to $72.5 billion, up 10% to 20% year-on-year, including a negative impact of about 80 basis points expected to be caused by exchange rate changes. Analyst expectations. Amazon also expects operating profit for the fourth quarter of FY18 to be $2.1 billion to $3.6 billion, compared to $2.1 billion for the same period in 2017. According to the FactSet survey, analysts on average expect Amazon’s fourth quarter revenue to reach $73.8 billion.
On the same day, Amazon’s share price rose 117.97 US dollars in the Nasdaq regular trading, to close at 1782.17 US dollars, or 7.09%. In the after-hours trading as of 18:00 EST (6 pm Beijing time), Amazon’s share price fell sharply by $142.17 to $1640.00, a decrease of 7.98%. In the past 52 weeks, Amazon’s highest price was $2050.50 and the lowest price was $968.55.

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