Amazon Posts $42.4 Billion Trailing 12-Month Free Cash Flow Outflow as AWS Grows 39.3%

Amazon’s third-quarter report showed Amazon Web Services sales rising 39.3%, while a $42.4 billion trailing 12-month free cash flow outflow and holiday sales guidance below analyst estimates highlighted the scale of its investment. Amazon shares fell 7.2% in premarket trading Oct. 30. The stock had closed down 4.25% at $243.79 in regular trading Oct. 29, before the results were released at 4:01 p.m. ET. Amazon recorded third-quarter net sales of $201.944 billion, up 12% from a year earlier, and diluted earnings of $1.89 a share. Both were below analyst estimates of $202.2 billion in sales and $1.97 per share.

Source: TokenPost