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Amazon Posts Third Quarter Results

11/03/2020

On October 29th, Amazon.com 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. 

 

Amazon.com 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.