Amazon’s Q3 financials: sales up 23%, net income up more than half a billion dollars
I’m getting ready to listen to Amazon’s 3rd quarter Webcast, but the
Let me quote one line from the press release, then I’ll link you to the Webcast, and I’ll add to this post after the cast (the Q&A is often the best part).
“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.”
Here’s the link if you want to listen to the webcast live at 2:00 PM Pacific:
More to come…
Update: okay, I’ve heard the webcast (including the Question and Answer period).
I’m not an investor, but to me, it felt like, “What’s not to like?” 😉
We’ll see how the stock reacts, and I wouldn’t say I’m great at predicting that, but I would guess we’ll have a positive (or at least, not negative) reaction.
The Q&A was tellingly very little about consumer products. That’s been a change over time: the focus was on AWS (Amazon Web Services), Prime, and globalization (especially India).
New product launches were mentioned, including the new tablets, EBRs (E-Book Readers), and the Amazon Echo (at AmazonSmile: benefit a non-profit of your choice by shopping*) by the Amazon folks, but callers didn’t ask about them.
I felt like they had good and encouraging things to say for me as a consumer. They mentioned that they will continue to invest and innovate. They sounded excited about The Man in High Castle original Amazon programming, available to Prime members (and based on a book by Philip K. Dick). That’s what I want them to do: see making customers happy as key to making the whole rest of the company work.
As someone quite interested in how robots are beginning to share the planet (and beyond) with us, I was excited to hear that they had doubled the number of Kiva robots (they own the company) in their fulfillment centers…up to 30,000! That’s about the population of Juneau, Alaska, I think. 😉 They indicated that was going to expand, which I think is a good thing.
I’ll be interested in my readers analysis of this…they are often insightful, and that benefits me and my readers. If you have something to say about this, feel free to do so by commenting on this post.
Oh, pre-update update: the stock is soaring, hitting new highs and up 10% on this news! See
When you shop at AmazonSmile, half a percent of your purchase price on eligible items goes to a non-profit you choose. It will feel just like shopping at Amazon: you’ll be using your same account. The one thing for you that is different is that you pick a non-profit the first time you go (which you can change whenever you want)…and the good feeling you’ll get. Shop ’til you help!
This post by Bufo Calvin originally appeared in the I Love My Kindle blog. To support this or other blogs/organizations, buy Amazon Gift Cards from a link on the site, then use those to buy your items. There will be no cost to you, and a benefit to them.