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Amazon Posts Q3 Earnings

Benzinga

4 Views • Oct 28, 2022

Description

Amazon ($AMZN@US) posted $127.1 billion in sales for the third quarter on Thursday, up 15 percent from a year earlier, and improved profitability after two-quarters of losses. Amazon’s losses for much of the year were caused by changes in consumer habits and the ebbing of the pandemic’s impact on retail. Although the retail giant was rebounding, it cautioned that growth might fall to its lowest level since 2001. With inflation still high and consumers cutting back on spending, Amazon expects a slower growth period.

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#earnings #inflation #business #pandemic #earnings season #analysts #Retail giant #profit #third quarter #3Q #analyst estimates #annual report #quarterly report #3Q earnings #Amazon earnings #signal slowdown ahead #Amazon losses #impact on retail #slower growth period

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