News

Amazon enjoys robust Q3 sales

October 31, 2016

Amazon sales spiked 29 percent in the third quarter, hitting $32.7 billion with a 49 percent boost in operating cash flow for the past 12 months, a healthy jump over $9.8 billion the previous year.

Operating income in Q3 was $575 million, another robust spike over $406 million compared to the same period last year, according to a press release.

Looking ahead, Amazon expects fourth quarter net sales growth of 17 percent to 27 percent.