Amazon (AMZN, Financial) experienced a significant stock movement with a 5% drop in its stock price. The stock is currently trading at $200.90 per share with a trading volume of 47.42 million shares. The turnover rate is 0.45% and the price volatility is 3.00%.
Amazon's recent financial report reveals an impressive third-quarter performance, with revenue of $158.88 billion and a net profit of $15.328 billion. The earnings per share stand at $1.46, and the gross profit is $77.9 billion. The price-to-earnings ratio is noted at 42.95. Among 70 rating institutions, 94% issued a buy rating, while 6% recommended holding the stock; none suggested selling.
Despite the drop, the broader internet retail industry saw a decline of 3.33%. Within the sector, companies like Yunji, Newegg, and JD.com recorded significant gains. Active stocks such as Nft Limited, Jeffs' Brands Ltd, and Webuy Global Ltd showed turnover rates of 16.56%, 6.27%, and 3.86%, respectively. Notable volatility was observed in Oriental Culture, Newegg, and Webuy Global Ltd with fluctuations of 31.55%, 21.05%, and 17.65% respectively.
Amazon remains a leading online retailer and third-party seller marketplace. Retail-related revenue constitutes about 75% of its total income, followed by cloud computing services from Amazon Web Services (AWS) at 15%, advertising services at 5% to 10%, and other income streams. Its international division accounts for 25% to 30% of non-AWS sales, led by Germany, the UK, and Japan.
Market influence was attributed to a report from TF Securities. Amazon's Q3 report highlighted revenues surpassing expectations at $158.88 billion, a rise of 11.04% year-over-year, and an operating profit of $17.41 billion, marking a 55.6% increase from the previous year. AWS cloud services revenue increased 19% year-over-year to $27.5 billion, with its AI segment growing into a multi-billion-dollar annual revenue business. The company intends to extend server usage lifespans from 2024, which could enhance AWS profit margins.
