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Amazon.com Inc (NASDAQ:AMZN) reported financial results for the third quarter after the market close on Thursday. Here’s a look at the key details from the report.

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Amazon Q3 Earnings Highlights

Amazon posted third-quarter revenue of $201.94 billion, missing the consensus estimate of $202.31 billion, according to Benzinga Pro. The company reported earnings of $1.89 per share for the quarter, missing estimates of $1.97 per share.

Total revenue increased 12% on a year-over-year basis. Here’s a breakdown of revenue by segment.

• North America: $112.9 billion, up 6%
• International: $43.1 billion, up 5%
• Amazon Web Services: $46 billion, up 39% (fastest growth in almost five years)

“Our AWS investment in functionality and infrastructure is working, with over 39% year-over-year revenue growth in Q3 ($184 billion revenue run rate) and projected revenue growth rates of over 40% both in 2027 and in 2028,” said Andy Jassy, president and CEO of Amazon.

“There has never been a trillion-dollar revenue business, and we may have two of them in the next five to 10 years.”

Operating cash flow increased 29% to $168.3 billion for the trailing 12 months, and free cash flow decreased to an outflow of $42.4 billion, driven primarily by a year-over-year increase of $94.8 billion in purchases of property and equipment, net of proceeds from sales and incentives. Amazon ended the period with $58.71 billion in cash, cash equivalents and restricted cash.

Amazon expects fourth-quarter revenue to be between $240 billion and $247 billion versus estimates of $244.51 billion.

Operating income is expected to be between $28.5 billion and $33.5 billion in the fourth quarter, compared to $25 billion in the comparable quarter last year.

Amazon management will discuss the quarter on an earnings call at 5 p.m. ET. A link to the call has been provided below.

AMZN Stock Falls After Earnings

AMZN Price Action: Amazon shares were down 6.95% in after-hours, trading at $226.85 at the time of publication on Thursday, according to Benzinga Pro.

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