Ina Steiner EcommerceBytes Blog
News and insight focusing on ecommerce.
by Ina Steiner, Editor of EcommerceBytes.com
Thu Oct 27 2016 16:23:43

Amazon Grows Sales Nearly 30 Percent in Third Quarter

By: Ina Steiner

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Amazon's conference call with analysts is at 5:30 pm EST today, here is an excerpt of the company's press release announcing third quarter 2016 earnings, you can view the full release with tables, highlights, financial guidance, and more on Amazon's investor relations website.

Amazon.com, Inc. today announced financial results for its third quarter ended September 30, 2016.

Operating cash flow increased 49% to $14.6 billion for the trailing twelve months, compared with $9.8 billion for the trailing twelve months ended September 30, 2015. Free cash flow increased to $8.6 billion for the trailing twelve months, compared with $5.4 billion for the trailing twelve months ended September 30, 2015. Free cash flow less lease principal repayments increased to $4.9 billion for the trailing twelve months, compared with $3.1 billion for the trailing twelve months ended September 30, 2015. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to $3.4 billion for the trailing twelve months, compared with $637 million for the trailing twelve months ended September 30, 2015.

Common shares outstanding plus shares underlying stock-based awards totaled 496 million on September 30, 2016, compared with 489 million one year ago.

Net sales increased 29% to $32.7 billion in the third quarter, compared with $25.4 billion in third quarter 2015. The favorable impact from year-over-year changes in foreign exchange rates throughout the quarter on net sales was $52 million.

Operating income was $575 million in the third quarter, compared with $406 million in third quarter 2015.

Net income was $252 million in the third quarter, or $0.52 per diluted share, compared with $79 million, or $0.17 per diluted share, in third quarter 2015.

"Alexa may be Amazon's most loved invention yet - literally - with over 250,000 marriage proposals from customers and counting," said Jeff Bezos, founder and CEO of Amazon. "And she's just getting better. Because Alexa's brain is in the cloud, we can easily and continuously add to her capabilities and make her more useful - wait until you see some of the surprises the team is working on now."




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by: FeelingFroggy This user has validated their user name.

Thu Oct 27 17:01:57 2016

I just knew I was spending my money on a good cause. I love Amazon.

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by: booklover27 This user has validated their user name.

Fri Oct 28 07:36:26 2016

Hi Froggy,

Unfortunately, your in bed with the devil.  Amazon is the most monopolistic entity ever known.  Sellers on Amazon will never reach their true potential because of the unfair business practices committed by Amazon.  Buyers will continue buying until they loose their jobs because Amazon will own the entire retail chain...I love Amazon too because it is headed for absolute control of our economy and it will eventually lead to a revolution in this country against the destruction of free trade perpetrated by the likes of the Walmarts Amazons and At&ts of the world.

Good luck in your ventures with Amazon.

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by: Barbbie This user has validated their user name.

Fri Oct 28 09:15:53 2016

My sales went up about 40% on Amazon this year, good thing, because my ebay sales are maybe half of last year. This is despite my overall price being cheaper on ebay. Sad, because I would prefer to sell the items on ebay, it is less expensive for me and the buyer.  But, devil or not, the buyer is willing to pay more on amazon and it is crazy how much they will pay.
I guess ads work. Maybe ebay should try some.

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by: FREDDY This user has validated their user name.

Fri Oct 28 10:03:37 2016

Amazon is growing in part because people do not like ebay search (not that amazon is great). Also, I think more people feel that they will get ripped off on ebay.  

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by: sanddogg This user has validated their user name.

Fri Oct 28 11:47:52 2016

Story is reminiscent of years ago when Ina would publish eBay internal 'announcements' as factual reporting. Myself - I know not what to believe. Read this: https://www.ft.com/content/4bac4fe6-9c7a-11e6-a6e4-8b8e77dd083a

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by: mcposty This user has validated their user name.

Fri Oct 28 15:51:27 2016

Amazon is as bad as ebay against sellers. They beg for sellers to sell to Canada but their tos says all returns from Canada must be paid for by the buyer including buyer remorse. Screw that and amazon

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by: mcposty This user has validated their user name.

Fri Oct 28 19:16:46 2016

By the seller is mean

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by: Sierra This user has validated their user name.

Sun Oct 30 20:37:15 2016

What Amazon sales? I stocked up for ''Prime Day'' but have only made 4 sales since then, none on Prime Day.  

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by: AmzBay Seller This user has validated their user name.

Wed Nov 16 01:47:25 2016

Our Amazon sales have definitely continued to grow, while our eBays sales have plateaued, despite working hard on top seller performance ect.

Not much of a choice as to where we invest our growth time now.  



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