Other year-over-year comparisons: operating profit of $406 million compared with an operating loss of $544 million in the year-ago quarter; operating cash flow for the trailing twelve months of $9.8 billion compared with $5.7 billion for the same period a year ago; and free cash flow for the trailing twelve months of $5.4 billion compared with $1.1 billion at the same time a year ago.
As far as guidance for the fourth quarter, net sales are expected to be between $33.5 billion and $36.75 billion. Operating income is projected to be between $80 million and $1.28 billion. Thomson Reuters has fourth-quarter consensus estimates for EPS of $1.58 and $35.16 billion in revenue.
Amazon web services revenues totaled $2.09 billion, up about 78% from a total of $1.17 billion in the third quarter of this year. Web services accounted for $521 million in third-quarter net income, more than 5 times the $98 million total in the third quarter a year ago.
Amazon shares are setting a new record in after hours trading, up about 11% at $625.00. If that number holds, Amazon easily posts a new all-time high during tomorrow’s regular session. The current 52-week range is $284.00 to $580.57. Thomson Reuters had a consensus analyst price target of around $650.65 before today’s report.
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