Amazon Shares Surge In Pre-Market As Q3 Earnings Beat Expectations

Benzinga Neuro

November 01, 2024

Amazon.com Inc (NASDAQ:AMZN) experienced a 6.77% rise in pre-market trading on Friday. This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% increase from the previous year.

According to Benzinga Pro, Amazon stock closed at $186.19 on Thursday and began climbing upwards during the pre-market session on Friday. At the time of writing, it was trading at $198.80.

The company’s earnings per share for the third quarter came in at $1.43, surpassing the Street consensus estimate of $1.14. This performance also exceeded the anticipated net sales of $157.2 billion, as reported by Benzinga Pro.

See Also: Alphabet Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Breaking down the sales figures, North America contributed $95.5 billion, marking a 9% year-over-year growth. International sales reached $35.9 billion, reflecting a 12% increase, while Amazon Web Services (AWS) reported $27.5 billion in sales, a 19% rise from the previous year.

Looking ahead, Amazon’s guidance for the fourth quarter anticipates net sales between $181.5 billion and $188.5 billion, representing a 7% to 11% year-over-year growth. The company also projects operating income to range from $16 billion to $20 billion in the upcoming quarter.

Read Next:

Microsoft Earnings Are Imminent; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts

Image via Shutterstock

This story was generated using Benzinga Neuro and edited by Pooja Rajkumari

Recommended

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Watch Jeff's New Demo: Elon Musk's New $9 Trillion AI Product - Ad

Legendary investor Warren Buffett has a piece of critical advice for parents that he believes they should follow, regardless of their wealth status.

44 years after New York couple vanished, car matching description of theirs is found in Georgia

BRUNSWICK, Georgia (AP) — A car similar to one driven by a wealthy New York couple missing for more than four decades has been found in a south Georgia pond near the hotel where they were last seen, police in Georgia said.

Is a Starlink IPO Coming in 2024?

Is a Starlink IPO Coming in 2024? - Ad

Could there be signs that a Starlink IPO is set for the second half of 2024? According to one top venture capitalist, the answer is YES! And for the first time ever, you have the rare chance to profit pre-IPO... BEFORE Starlink goes public.

Stocks to Buy (and Sell) Before Inauguration Day

Experts predict Trump's policies will positively affect energy, finance, defense sectors; stocks to buy include EPD, JPM, LMT, while others may decline.

Tesla Cybertruck Crash In California Claims 3 Lives, Leaves 1 Seriously Injured

In a tragic incident early Wednesday, a Tesla Cybertruck crashed in Piedmont, California, resulting in three fatalities and one serious injury.

Why Do So Many Billionaire Investors Seem Scared of This Bull Run?

Why Do So Many Billionaire Investors Seem Scared of This Bull Run? - Ad

Well-connected billionaires like Warren Buffett have been selling off US stocks at an alarming rate. Today, one of America's most trusted market experts is stepping forward to explain what's really going on behind the scenes of this bull market - and why you could soon face losses of 50% or more if you do nothing.

UPS to pay $45M to US settle charges that it improperly valued its freight division

UPS will pay $45 million to settle charges that it improperly valued its freight division, the Securities and Exchange Commission announced Friday.

Financial and community hurdles slow geothermal energy development in Southeast Asia

JAKARTA, Indonesia (AP) — Providing round-the-clock energy, using minimal space and considered a clean source of power — geothermal energy seems like an ideal option for countries like Indonesia and the Philippines, where the potential is high, and governments are seeking to transition away from highly polluting fossil fuels.

There's Only ONE AI Company That Matters

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Opportunities For Investors As AI Frenzy Shifts From Semiconductors To Software

To gain an edge, this is what you need to know today.

NBA Legend Shaq's Daughter Breaks Silence On Dad's Career, Defying Family Expectations: 'It's A No Go For Me'

In a departure from her family's sports-oriented legacy, Taahirah O'Neal, the eldest daughter of basketball legend Shaquille O'Neal, has chosen to pursue a different career path and lifestyle.

December 16th - The Biggest Crypto Event in History

December 16th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on November 18th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Joe Biden Pardons Hunter -- Donald Trump Likely To Pardon January 6 Protestors, Polymarket Traders Speculate

Trump may pardon January 6th rioters, Hunter Biden, Edward Snowden, Julian Assange, and Steve Bannon, showcasing his views on justice and loyalty.

Zuckerberg dines with Trump in Mar-a-Lago

FORT LAUDERDALE, Fla. (AP) — Donald Trump dined on Wednesday with Meta CEO at the president-elect’s Mar-a-Lago club in Florida, bringing together the Facebook founder and the former president who was once banned from that social network.

"Buffett Indicator" Predicts 62% Stock Market Crash

"Buffett Indicator" Predicts 62% Stock Market Crash - Ad

The last time the "Buffett Indicator" flashed this red was in 2000 - right before the market crashed 50%. Take these 4 steps to protect your retirement here.

Shoplifting ring that stole $2M in cosmetics, clothes to be resold in NYC, Dominican Republic busted

NEW YORK (AP) — A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials announced Tuesday.

Economist Slams DOGE: Tells Elon Musk-Led Initiative To 'Do Your Legal Job Well' Amid Super Bowl Ad Spending Clash

Prominent economist Claudia Sahm has criticized the newly formed Department of Government Efficiency (DOGE) and its leadership’s approach to government spending, particularl

Elon Musk: "AI Will Run Out of Electricity ... in 2025"

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.

Warren Buffett Announces New Charitable Gifts, Updates Plans For $150B Fortune: Billionaire Wants To Help Others 'Given A Very Short Straw At Birth'

Warren Buffett shares an update on his Berkshire Hathaway stake with new family donations made and an update on what happens to his wealth when he passes.

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31

Is NVDA a Sell? Buy This Stock Instead Before Dec. 31 - Ad

After soaring over 150% in 2024 alone... is it actually time to buy Nvidia? A 50-year Wall Street veteran gives his answer to Nvidia, right here... Including the name and ticker of one under-the-radar AI stock to buy instead of Nvidia... before Tuesday, December 31st.

India's Adani says his group is committed to compliance after US bribery and fraud charges

NEW DELHI (AP) — Indian tycoon Gautam Adani said his conglomerate is committed to “world-class regulatory compliance” after being indicted and an alleged bribery scheme worth millions of dollars, his first remarks since the accusations surfaced.

What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?

Comcast's means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News.

Single Stock Blueprint Available Now

Single Stock Blueprint Available Now - Ad

Market Wizard Larry Benedict is one of the most successful traders you'll ever meet...But he doesn't make money the traditional way. In short: It's a way to trade just one stock...And potentially make all the money you need to fast-track your retirement -- no matter what happens in the stock market.

Students can now apply for federal college aid. Officials hope for a smoother rollout this year

WASHINGTON (AP) — The federal FAFSA form used to apply for college financial aid opened to high school seniors nationwide on Thursday, a year after a by the Biden administration delayed the application for months.

Casino workers who want smoking ended demonstrate in New Jersey

ATLANTIC CITY, N.J. (AP) — With their push to end smoking in Atlantic City's casinos going nowhere fast in either the courts or the state Legislature, casino workers and supporters of smoke-free gambling halls demonstrated Thursday outside a hotel where New Jersey's governor was due to speak.

The Seven Stocks Set to Dominate Trump's Second Term

The Seven Stocks Set to Dominate Trump's Second Term - Ad

According to Alex Green, seven new stocks are set to take over during Trump's second term. Thanks to the sudden rise of AI, he says these stocks will dominate the coming years. In fact, he's claiming that $1,000 in each could turn into more than $1 million by 2030. Is he right?

Canada Prepares Retaliatory Tariffs After Trump Threats: Analysts Warn Of Further Loonie Weakness

Canada prepares for potential tariffs on US goods following Trump's threats. Discussions underway to target certain items if tariffs are enacted.

What's Going On With Tesla's Chinese Rival NIO Stock Today?

NIO's stock is up 2.55% in premarket trading as the company prepares to open its first Nio House in the UAE, despite recent analyst downgrades and a challenging outlook.

President Trump and Elon Musk Issue Stark Warning

President Trump and Elon Musk Issue Stark Warning - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

On its way out, the Biden administration renews a push for airline-consumer protections

The Biden administration said Thursday it will take steps toward requiring airlines to pay cash compensation and cover lodging and meals for passengers who are stranded when an airline causes flights to be canceled or changed.

Mexico raids stores selling counterfeit or contraband Asian goods, pledges a nationwide crackdown

MEXICO CITY (AP) — Mexican authorities raided a massive complex of stores selling counterfeit Chinese and other Asian goods in downtown Mexico City, and vowed Friday to take the crackdown nationwide.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Mexico suggests it would impose its own tariffs to retaliate against any Trump tariffs

MEXICO CITY (AP) — President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own, after U.S. President-elect Donald 25% import duties on Mexican goods if the country doesn’t stop the flow of drugs and migrants across the border.

SoftBank Secures Bigger OpenAI Stake With $1.5B Employee Share Buyout: Report

OpenAI is enabling employees to sell up to $1.5 billion worth of shares in a tender offer led by SoftBank

Media Humiliated: Demo of Elon's Tech Proves They're Wrong

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

What's Going On With AMD Stock?

Advanced Micro Devices shares are trading higher by 2.1% during Monday's session. The U.S. imposed its latest round of semiconductor export restrictions on China.

Stock market today: Asian shares are mixed, with US markets closed for Thanksgiving

HONG KONG (AP) — Asian shares were mixed on Friday after U.S. markets were closed Thursday due to the Thanksgiving holiday.

Wall Street Legend Issues Inauguration Buy Alert

Wall Street Legend Issues Inauguration Buy Alert - Ad

If you've underperformed this raging bull market, if you've lost money or missed out... this is your final chance to potentially profit.

As Nvidia Maintains Chip Supremacy, Jim Cramer Says Foes Of Semiconductor Giant 'Aren't Really Enemies'

NVIDIA Corp. continues solidifying its dominance in the artificial intelligence semiconductor market, with CNBC's Jim Cramer emphatically declaring that no company can successfully challenge the tech giant's technological supremacy.

Trending Now