In case anyone was questioning Saul’s recent purchase of AMZN, it is off to a nice start.
Nicely off-setting the SKX hit after hours.
The world’s biggest online retailer reported a profit of $79 million, or 17 cents per share, for the third quarter ended Sept. 30, compared with a loss of $437 million, or 95 cents per share, a year earlier.
Total net sales rose 23.2 percent to $25.36 billion.
Expects record holiday season
Business Wire Amazon.com, Inc.
9 minutes ago
Amazon.com, Inc. ( AMZN ) today announced financial results for its third quarter ended September 30, 2015.
Operating cash flow increased 72% to $9.8 billion for the trailing twelve months, compared with $5.7 billion for the trailing twelve months ended September 30, 2014. Free cash flow increased to $5.4 billion for the trailing twelve months, compared with $1.1 billion for the trailing twelve months ended September 30, 2014. Additional measures of free cash flow can be found in the Supplemental Financial Information and Business Metrics.
Common shares outstanding plus shares underlying stock-based awards totaled 489 million on September 30, 2015, compared with 481 million one year ago.
Net sales increased 23% to $25.4 billion in the third quarter, compared with $20.6 billion in third quarter 2014. Excluding the $1.3 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 30% compared to third quarter 2014.
Operating income was $406 million in the third quarter, compared with operating loss of $544 million in third quarter 2014.
Net income was $79 million in the third quarter, or $0.17 per diluted share, compared with net loss of $437 million, or $0.95 per diluted share, in third quarter 2014.
For the first time, were recommending you bring home a six-pack for the whole family, said Jeff Bezos, founder and CEO of Amazon.com. At a price of $50 for one or $250 for a six-pack, Fire sets a new bar for what customers should expect from a low-cost tablet. This is one more step in our mission to bring customers premium products at non-premium prices. Fire is the #1 best-selling product on Amazon.com since launch, and based on the strength of the customer response, we are building millions more than wed already planned.