"After reporting Q3 earnings on Oct. 30, AMZN hit its first all-time high since February. On the year, Amazon is up 2.27% and it has gained 11.80% over the past year. The earnings report beat on top and bottom lines, with EPS of $1.95 vs. an estimated $15.7, and revenue of $180.17 vs. $177.80 estimated. Meanwhile, revenue from Amazon Web Services was $33 billion and revenue from advertising was $17.7 billion."
"In October, leaked documents revealed that the company is aiming to replace around 600,000 Amazon jobs with robots, with the management team estimating that the effort could trim 30 cents off each item purchased via the e-commerce giant by 2027. In July, the company deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
"Also last month, the company debuted a line of branded Amazon Grocery products - the majority are priced under $5 - to go along with its same-day grocery delivery, which was announced in August. On July 8, it was reported that Amazon founder Jeff Bezos sold nearly 3 million shares worth $665.8 million over two days in July as part of a plan announced earlier in 2025 that will see Bezos unload up to 25 million shares through May 2026."
Amazon shares fell in recent trading after an earlier run of gains, driven largely by a broad AI-focused market sell-off that began in late October. The company reported a Q3 beat with EPS of $1.95 and revenue of $180.17, while AWS generated $33 billion and advertising produced $17.7 billion. Large AI capital expenditures and ambitious robotics plans, including plans to replace roughly 600,000 jobs and deployment of the 1 millionth robot, remain investor concerns. The company launched low-priced branded grocery items and expanded same-day delivery, and Jeff Bezos sold nearly 3 million shares as part of a larger selling plan. Questions linger about the sustainability of historic growth and long-term investment safety.
Read at 24/7 Wall St.
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