(AOF) – Amazon is expected to be in the green on Wall Street thanks to solid results. In the third quarter, the e-tailer and cloud specialist revealed net income up to $15.3 billion, or $1.43 per share, compared to a profit of $9.9 billion, or 94 cents per share, a year earlier. The consensus was just $1.14. Operating income rose from $11.2 billion to $17.4 billion in one year and far exceeded the consensus of $14.7 billion.
Amazon sales jumped 11% to $158.9 billion while Wall Street expected $157.20 billion.
Its cloud computing activity (AWS) saw its operating profit increase by nearly 49.75% to $10.45 billion for revenues up 19% to $27.5 billion. The market expected a profit of $9.12 billion.
Operating profit objective better than expected
For the current quarter, operating income is expected between $16 billion and $20 billion compared to $13.2 billion a year earlier. The market targets $17.5 billion.
Amazon's net sales are expected to be between $181.5 billion and $188.5 billion, representing growth of between 7% and 11%. Wall Street is targeting revenue of $186.4 billion.
