Report
Amazon's Q3 sales reach $201.9 billion as AWS grows 39%
TechCrunch reports Amazon missed revenue and earnings forecasts; trailing-year free cash flow fell to negative $42.4 billion.
TLDR
Amazon's third-quarter net sales rose 12% to $201.9 billion, while AWS sales climbed 39% to $45.98 billion, TechCrunch reports. Citing FactSet, TechCrunch says overall sales fell short of analysts' $202.2 billion estimate; earnings per share also missed expectations. Its article puts free cash flow at negative $42.4 billion for the trailing 12 months, compared with positive $14.8 billion a year earlier. Amazon said AI investments drove much of its spending.
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