Amazon Reports Mixed Results for the Third Quarter
Net sales increased 24%, but earnings were down.
Retail giant Amazon reported mixed results for the third quarter ended September 30, 2019. Amazon had net sales of $70.0 billion for Q3, a 24% increase over $56.6 billion in Q3 2018. Amazon Web Services (AWS) represented $9.0 billion of total sales, compared to $6.8 billion in Q3 2018. Operating income dropped to $3.2 billion, compared to $3.7 billion Q3 2018. Net income dropped to $2.1 billion, or $4.23 per diluted share, compared to $2.9 billion, or $5.75 per diluted share in Q3 2018.
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