earnings
confidence high
sentiment negative
materiality 0.80
Amazon Q3 net income down 49% to $3.2B; guides Q4 with billions in extra costs
AMAZON COM INC
2021-Q3 EPS reported
$37.02
revenue$332,410,000,000
- Net sales $110.8B (+15% YoY); operating income $4.9B vs $6.2B; net income $3.2B ($6.12/diluted) vs $6.3B ($12.37).
- Free cash flow TTM dropped to $2.6B from $29.5B; cash flow ops down 1% to $54.7B.
- AWS revenue growth accelerated to 39% YoY; however, overall profitability pressured by fulfillment investments.
- Expects 'several billion dollars' of additional Consumer costs in Q4 due to labor shortages, wage hikes, supply chain issues.
- Common shares outstanding + stock awards: 523M vs 518M a year ago.