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Amazon Posts Third Quarter Results


On October 29th, Inc. (AMZN) announced financial results for the third quarter of Fiscal 2020 ending September 30th 2020. For Q3 of FY2020 net sales amounted to $96.15 Billion with net income of $6.33 Billion and an EPS of $12.37.  Comparable figures for the third quarter of fiscal 2019 were net sales of $69.98 Billion, net earnings of $2.13 Billion and an EPS of $4.23. 


Reviewing the three segments, Net sales and operating income for North America were $42.64 Billion and $1.28 Billion respectively.  International net sales attained $18.35 Billion with an operating loss of $386 million.  Amazon Web Services (AWS) achieved sales of $9.00 Billion with an operating income of $2.26 Billion.  Net sales growth in North America attained 24 percent, International 18 percent and 35 percent for AWS.

Jeff Bezos

AMZN posted total assets of $225.25 Billion and the company carries long term debt and lease obligations of $75.38 Billion. has a market capitalization of 1,505 Billion. Shares traded during the past fifty-two weeks over a range of $1,626 to $3,552 with a fifty-day moving average of $3,173.  The twelve-month trailing operating margin was 5.7 percent and a profit margin 5.0 percent.  AMZN generated a return on assets of 5.2 percent and 25.0 percent on equity.


Amazon offered fourth quarter guidance including sales between $112.0 billion and $121.0 billion and an operating income between $1.0 billion and $4.5 billion taking into account incremental costs of $4.0 billion accruing from COVID-19.


The company report highlighted the opening of two Amazon Fresh grocery stores in California incorporating Amazon Dash carts and check-out free shopping.