2023-10-26 20:28:52
By Le Figaro with AFP
Published yesterday at 10:28 p.m., Updated yesterday at 11:55 p.m.
Its profit is 3 billion more than expected by the market. DADO RUVIC / REUTERS
With its $9.9 billion profit, the e-commerce giant is experiencing results three times greater than in the summer of 2022.
Amazon delighted Wall Street on Thursday with $9.9 billion in net profit in the third quarter, three times more than in the summer of 2022 and $3 billion more than expected by the market, thanks to a strong rebound in sales on its platform. From July to September, the online sales giant achieved a turnover of 143 billion dollars (+13%), a result also higher than forecasts. Its title gained more than 3% during electronic trading following the stock market closed.
Its operating profit, a key indicator of profitability, was multiplied by 4, to 11.2 billion dollars, instead of the 7.7 billion expected by the consensus of analysts. Andy Jassy, the boss of Amazon, welcomed these performances and attributed them to a logistical reorganization in the United States.
Also read: Amazon exceeds expectations with more than $149 billion in turnover at the end of 2022
«The benefits of moving from a single national fulfillment network in the United States to eight distinct regions exceed our expectations and, perhaps most importantly, allow us to achieve the fastest delivery speeds for Prime customers in 29 years of history“, he declared, quoted in the press release. Amazon.com benefited from a day of sales this summer for its subscribers to its Prime service, which provides advantages such as faster and free deliveries.
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