Amazon net sales increased 34% in Q3: 4 things to know

Amazon's net sales increased 34 percent to $43.7 billion in the third quarter ended Sept. 30, compared with $32.7 billion one year prior, according to financial results released Oct. 26.

Here are four things to know.

1. The spike in net sales includes $1.3 billion from Whole Foods Market, which the e-commerce giant acquired in August. Excluding the Whole Foods purchase, and the $124 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, the company reports a 29 percent increase in net sales compared to one year prior.

2. Operating income in the third quarter of 2017 also decreased 40 percent to $347 million, compared with operating income in the third quarter of 2016, which was $575 million.

3. Amazon reported $256 million in net income, or $0.52per diluted share.

4. Amazon's Web Services generated $4.58 billion in net sales, a 42 percent increase year-over-year.

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