Amazon had a strong third quarter, showing growth across nearly every reported statistic. In the third quarter sales rose to $7.56 billion dollars, a 39% year over year (YOY) increase.
Operating cash flow grew to $2.62 billion for the trailing 12 months, up 16% compared to the 12 months ending in last year’s third quarter for the company. While revenue and operating cash flow were both up, free cash flow declined 5% (trailing twelve months) compared to the previous period.
Despite that, operating income rose 7% to $268 million dollars in the third quarter. Net income grew 16% to bring diluted earnings per share to $o.51, a 6 cent rise over the $0.45 per share that Amazon reported in the third quarter of 2009.
The company’s stock is down sharply after hours, at the time of this post off some 5% after a strong performance during normal trading hours. Wall Street is not impressed with Amazon’s showing. Amazon’s reported earnings were on the high-end of expectations, but it seems that many traders were expecting to be surprised. They were, but not in the way that they were hoping.
Get the TNW newsletter
Get the most important tech news in your inbox each week.