Amazon.com, Inc.(AMZN.US) released its FY2024 Q3 earnings, reporting net sales of US$158.88 billion, an 11% year-over-year increase. Excluding currency fluctuations, net sales also grew 11%. Net income soared 55% to US$15.33 billion, with diluted earnings per share (EPS) at US$1.43, up from US$0.94 the previous year.

Both revenue and EPS surpassed Wall Street estimates, spurring a nearly 6% surge in post-market trading.

Key Performance:

• - Net sales: US$158.88 billion, up from US$143.083 billion, an 11% increase.
• - Net income: US$15.328 billion, up 55% from US$9.879 billion a year ago.
• - Operating income: US$17.411 billion, up from US$11.188 billion.
• - AMZN exceeded the anticipated revenue of US$157.2 billion and EPS of US$1.14 from analyst forecasts.

Sales by Business Type:

• - Online stores: Net sales US$61.411 billion, up 7%.
• - Physical stores: Net sales US$5.228 billion, up 5%.
• - Third-party seller services: Net sales US$37.864 billion, up 10%.
• - Subscription services: Net sales US$11.278 billion, up 11%.
• - AWS cloud services: Net sales US$27.452 billion, up 19%.
• - Other businesses: Net sales US$1.313 billion, up 7%.

Expense Details:

Total operating expenses: US$141.466 billion, up from US$131.895 billion.

• - Cost of revenue: US$80.977 billion, up from US$75.022 billion.
• - Fulfillment expenses: US$24.660 billion, up from US$22.314 billion.
• - Tech and content expenses: US$22.245 billion, up from US$21.203 billion.
• - Marketing expenses: US$10.609 billion, up from US$10.551 billion.
• - General and administrative expenses: US$2.713 billion, up from US$2.561 billion.
• - Other operational expenses: US$262 million, up from US$244 million.

Outlook:

• - AMZN forecasts Q4 FY2024 net sales between US$181.5 billion and US$188.5 billion, a year-over-year increase of 7% to 11%. 
• - The average forecast of US$185 billion falls short of analysts' expectations of US$186.16 billion. 
• - AMZN also expects Q4 operating income to range from US$16 billion to US$20 billion, up from US$13.2 billion in the same quarter last year.
• - AMZN's forecast assumes no significant business acquisitions, restructurings, or legal settlements.