Amazon’s Q3 net sales, which ended September 30, 2016, reached $32.7 billion, up 29 percent over the comparable quarter from 2015.
Still, according to The Wall Street Journal, the profits were less than expected due to increases in shipping costs and the company invested profits into more product development. After the company revealed news that its expectations for Q4 have dropped, the company’s shares dropped 4.3 percent.
Here is more details about the numbers from the press release:
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.
