Further, the stock is trading at a multi-year low of 54 times forward earnings and 3.9 times trailing sales. However, in Q4, management forecasts a modest YOY revenue increase of 4% to 12% due to supply-chain disruptions and surging inflation.ĪMZN currently trades at $3420 territory, up only 5% YTD. “In the fourth quarter, we expect to incur several billion dollars of additional costs in our Consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs,” said CEO Andy Jassy.ĪWS announced significant customer momentum during the third quarter, reporting a 38% YOY increase in operating profit. 7 Stocks to Snap Up ASAP If a Stock Market Crash Actually Happens.Cash and equivalents ended came in at $30.2 billion. However, due to higher operating costs, investors saw net income decline to $3.2 billion, or $6.12 per diluted share, down from $6.3 billion, or $12.37 per diluted share, in the prior-year quarter. Revenue increased 15% YOY to $110.8 billion. In terms of competitors, Microsoft’s Azure is next in line.Īmazon announced Q3 results in late October. Meanwhile, Amazon Web Service (AWS) boasts a remarkable 32% market share in the global cloud computing space. “Our global annual active consumers across the Alibaba Ecosystem reached approximately 1.24 billion, with a quarterly net increase of 62 million consumers, and we are on track to achieve our longer-term target of serving two billion consumers globally,” said CEO Daniel Zhang of the results. Cash and equivalents ended the period at 48.3 billion. However, non-GAAP net income declined 39% YOY to $4.43 billion, or 22 cents per diluted share. Revenue increased 29% year-over-year (YOY) to $31.15 billion. The group boasts hundreds of millions of users operating China’s most-visited online marketplaces.Īlibaba released Q3 results on Nov.

Yet, despite broad Chinese regulatory headwinds, Alibaba continues to dominate the Chinese e-commerce space. Last year saw the heavy hand of the Chinese state put immense pressure on many tech names in the country, including BABA, including its founder Jack Ma. Alibaba is the largest online and mobile commerce company in China with extensive international reach.

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