Beijing time on October 26 morning news, Amazon today released the third quarter financial report for the 2018 fiscal year. The report showed that Amazon’s third-quarter net profit was $2.883 billion, an increase of 10.3 times compared with the net profit of $256 million in the same period last year; net sales were $56.576 billion, an increase of 29% compared with $437.44 billion in the same period last year. Amazon’s third-quarter earnings per share exceeded Wall Street analysts’ expectations, but revenue and fourth-quarter revenue outlooks failed to meet expectations, resulting in a sharp drop of nearly 8% in its after-hours share price.
In the quarter ended September 30, Amazon’s net profit was $2.883 billion, and diluted earnings per share were $5.75, a performance much better than the same period last year. In the third quarter of fiscal 2017, Amazon’s net profit was $256 million, and diluted earnings per share were $0.52. Amazon’s third-quarter operating profit was $3.724 billion, compared to $347 million in the same period last year.
Amazon’s third quarter net sales were $56.576 billion, a 29% increase from the $43.744 million in the same period last year. Excluding the negative impact of exchange rate changes on Amazon’s net sales of $260 million, Amazon’s third-quarter net sales increased 30% compared to the same period last year.
Amazon’s third-quarter revenue failed to meet Wall Street analysts’ expectations, but earnings per share far exceeded expectations. Financial information provider FactSet survey shows that analysts had expected an average of $57.1 billion in revenue in the third quarter, with earnings per share of $3.08.
In the 12 months ended September 30, 2018, Amazon’s operating cash flow was $26.6 billion, a 57% increase over the same period last year; Amazon’s operations during the 12 months ended September 30, 2017 Cash flow is $17 billion. In the 12 months ended September 30, 2018, Amazon’s free cash flow was $15.4 billion, up from the same period last year; in the 12 months ended September 30, 2017, Amazon’s free cash flow It is 8 billion US dollars. After deducting the lease principal repayment, Amazon’s free cash flow in the past 12 months was $8.1 billion, up from the same period last year; in the 12 months ended September 30, 2017, Amazon deducted the aforementioned project. The free cash flow is $3.5 billion. After deducting the financing lease principal repayment and the assets acquired under the capital lease, Amazon’s free cash flow over the past 12 months was $5.4 billion; in comparison, for the 12 months ended September 30, 2017 In the meantime, Amazon’s free cash flow after deducting the aforementioned items was $1.1 billion.
In July this year, Amazon expects net sales for the third quarter of FY18 to be $54 billion to $57.5 billion, up 23% to 31% year-on-year, including a negative impact of about 30 basis points expected to be caused by exchange rate changes. Operating profit was $1.4 billion to $2.4 billion, compared to $347 million in operating profit for the same period in 2017.
Geographically, Amazon North America (US, Canada) posted net sales of $34.348 billion in the third quarter, up 35% from $25.546 billion in the same period last year; operating profit was $2.032 billion, much higher than $112 million in the same period last year. . Amazon’s international division (UK, Germany, France, Japan and China) posted net sales of $15.549 billion in the third quarter, up 13% from $13.714 billion in the same period last year; operating loss was $385 million, compared with an operating loss of 9.36 in the same period last year. Compared with the US$100 million, it has narrowed. Amazon AWS Cloud Services posted net sales of $6.679 billion in the third quarter, up 46% from $4.584 billion in the same period last year; operating profit was $2.077 billion, up from $1.171 billion in the same period last year. In the third quarter, Amazon’s sales from the North American division accounted for 61% of total sales, up from 58% in the same period last year; sales from the international sector accounted for 27% of total sales. Lower than 31% in the same period last year; sales from AWS cloud services accounted for 12% of total sales, up from 11% in the same period last year.
According to services and business types, Amazon’s net sales from online stores in the second quarter was $29.061 billion, a 10% increase from the $26.392 million in the same period last year. The impact of exchange rate fluctuations was also 11% year-on-year. Net sales from physical stores were $4.248 billion, compared to $1.276 billion in the same period last year; net sales from third-party seller services were $10.395 billion, up from $7.928 billion in the same period last year. 31%, excluding the impact of exchange rate changes, also increased by 32% year-on-year; net sales from subscription services were $3.698 billion, an increase of 52% compared with $2.441 billion in the same period last year, excluding the impact of exchange rate changes The same year-on-year growth of 52%; net sales from AWS cloud services was 6.679 billion US dollars, an increase of 46% over the same period last year of 4.584 billion US dollars, not including the impact of exchange rate changes, also increased by 46%; from other businesses Net sales were $2.495 billion, an increase of 122% from $1.123 billion in the same period of the previous year. The impact of exchange rate fluctuations was also a year-on-year increase of 123%.
Amazon expects net sales for the fourth quarter of FY18 to be $66.5 billion to $72.5 billion, up 10% to 20% year-on-year, including a negative impact of about 80 basis points expected to be caused by exchange rate changes. Analyst expectations. Amazon also expects operating profit for the fourth quarter of FY18 to be $2.1 billion to $3.6 billion, compared to $2.1 billion for the same period in 2017. According to the FactSet survey, analysts on average expect Amazon’s fourth quarter revenue to reach $73.8 billion.
On the same day, Amazon’s share price rose 117.97 US dollars in the Nasdaq regular trading, to close at 1782.17 US dollars, or 7.09%. In the after-hours trading as of 18:00 EST (6 pm Beijing time), Amazon’s share price fell sharply by $142.17 to $1640.00, a decrease of 7.98%. In the past 52 weeks, Amazon’s highest price was $2050.50 and the lowest price was $968.55.