• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechFuture 50

Amazon Shares Jump on Retail, Cloud Computing Gains

By
Reuters
Down Arrow Button Icon
By
Reuters
Down Arrow Button Icon
October 26, 2017, 4:31 PM ET

Amazon.com sales jumped 34% in the third quarter and profit topped analysts’ estimates as Prime Day sales boosted its retail business and demand remained strong for its popular cloud service for companies.

The company’s shares (AMZN), which closed down 0.05% on Thursday, rose about 6% in after-hours trading following the quarterly earnings statement. They have gained about 30% this year.

The world’s largest online retailer said net income rose to $256 million, or 52 cents per share in the quarter ending Sept. 30. Analysts on average were expecting 3 cents per share, according to Thomson Reuters I/B/E/S.

Amazon forecast fourth quarter operating income to range from $300 million to $1.65 billion. Analysts on average were expecting $1.5 billion, according to data and analytics firm FactSet.

Net sales in North America, its biggest market, jumped 34.8% to $25.45 billion in the third quarter.

Revenue from Amazon Web Services, the company’s fast-growing cloud services business, surged 41.9% to $4.58 billion, beating the average estimate of $4.52 billion given in polling by data and analytics firm FactSet.

Total operating expenses also surged 35% to $43.4 billion as the company poured money into expanding its Prime program, creating original video content and building its warehouse and delivery infrastructure.

Get Data Sheet, Fortune’s technology newsletter.

The company’s net sales rose 33.7% to $43.74 billion from $32.71 billion, including $1.3 billion in about a month of sales for upscale grocer Whole Foods, which Amazon acquired for $13.7 billion in August.

Amazon’s annual Prime Day shopping event in July was its biggest ever by sales.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Retail
Trump just declared December 26th a national holiday. What's open and closed?
By Dave SmithDecember 26, 2025
15 hours ago
placeholder alt text
Success
As millions of Gen Zers face unemployment, CEOs of Amazon, Walmart, and McDonald's say opportunity is still there—if you have the right mindset
By Preston ForeDecember 26, 2025
15 hours ago
placeholder alt text
Real Estate
Mark Zuckerberg gifted noise-canceling headphones to his Palo Alto neighbors because of the nonstop construction around his 11 homes
By Dave SmithDecember 25, 2025
2 days ago
placeholder alt text
Economy
Even if the Supreme Court rules Trump's global tariffs are illegal, refunds are unlikely because that would be 'very complicated,' Hassett says
By Jason MaDecember 21, 2025
5 days ago
placeholder alt text
Retail
Trump just declared Christmas Eve a national holiday. Here’s what’s open and closed
By Dave SmithDecember 24, 2025
3 days ago
placeholder alt text
Investing
Logan Paul auctions off $5.3 million Pokémon card, urging young people to invest more in nontraditional assets: 'Don't be afraid to take a risk'
By Sydney LakeDecember 25, 2025
1 day ago

Latest in Tech

Travel & LeisureVirtual Reality
Seniors relive their days of wanderlust and thrill-seeking with virtual reality. ‘It’s about all the memories that it brings back’
By Michael Liedtke and The Associated PressDecember 26, 2025
8 hours ago
An NYSE trader looks at his computer monitor.
AIMarkets
‘Artificial stupidity’ made AI trading bots spontaneously form cartels when left unsupervised, Wharton study reveals
By Sasha RogelbergDecember 26, 2025
11 hours ago
MJ Burk Chun
InnovationBrainstorm AI
Confused by baby goats, having car nightmares, struggling to move from LA to Miami Beach — Robots are just like us, exec says
By Nick LichtenbergDecember 26, 2025
12 hours ago
Intrator
AIBrainstorm AI
Outsiders see a circular economy. CoreWeave’s CEO sees a ‘violent change’ rattling the supply chain down to the inside of the earth
By Nick LichtenbergDecember 26, 2025
13 hours ago
AIChatbots
‘He satisfies a lot of my needs’: Meet the women in love with ChatGPT
By Beatrice NolanDecember 26, 2025
18 hours ago
Greg Hart, CEO, Coursera.
SuccessLeadership
After 23 years working for Jeff Bezos, the CEO of a $1.3 billion skills platform shares lessons he learned from Andy Jassy and the Amazon founder
By Eleanor PringleDecember 26, 2025
18 hours ago