Amazon's third quarter topped projections and its fourth quarter revenue outlook is better than expected. The company's fourth quarter operating profits, however, look light.
The company reported net income of $231 million, or 51 cents a share, on revenue of $7.56 billion, up from $5.45 billion a year ago (statement). Wall Street was expecting earnings of 48 cents a share on revenue of $7.36 billion.
Meanwhile, the company also delivered a healthy fourth quarter outlook. Amazon projected revenue of $12 billion to $13.3 billion. That's a wide range, but Wall Street was expecting fourth quarter sales of $12.3 billion. Amazon's midpoint of that range is well above expectations. Amazon also said it expected operating income of $360 million to $560 million.
Read more of "Amazon: Strong third quarter, outlook, but margin worries emerge" at ZDNet's Between the Lines.