Amazon's third quarter topped projections and its fourth quarter revenue outlook is better than expected. The company's fourth quarter operating profits, however, look light.
The company reported net income of US$231 million, or 51 cents a share, on revenue of US$7.56 billion, up from US$5.45 billion a year ago. Wall Street was expecting earnings of 48 cents a share on revenue of US$7.36 billion.
Meanwhile, the company also delivered a healthy fourth quarter outlook. Amazon projected revenue of US$12 billion to US$13.3 billion. That is a wide range, but Wall Street was expecting fourth quarter sales of US$12.3 billion. Amazon's midpoint of that range is well above expectations. Amazon also said it expected operating income of US$360 million to US$560 million.
Read more of "Amazon: Strong third quarter, outlook, but margin worries emerge" at ZDNet.