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Better than expected for Amazon

» Updated: 31 October 2024, 23:03

» Published: 31 October 2024

Better than expected for Amazon
Photo: Michel Euler/AP/TT

Amazon reported a quarterly result above market expectations when the report for the third quarter was released on Thursday.

The e-commerce giant's adjusted profit per share during the quarter was 1.43 dollars. This can be compared to the analysts' average forecast, which was 1.14 dollars per share.

Amazon's revenues during the quarter landed at nearly 58.9 billion dollars, equivalent to approximately 1,692 billion kronor. The market's forecast for the company's quarterly revenues was 157.2 billion dollars, according to CNBC.

In after-hours trading on the New York Stock Exchange, Amazon's share rose by nearly 6 percent.

When the company reported the figures for the corresponding period last year, the price per share was 94 cents and the revenues were over 143 billion dollars.

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By TTThis article has been altered and translated by Sweden Herald

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