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.
More articles on health IT:
Cerner’s revenue grows 8% in Q3: 4 things to know
Sources: GE may divest its health IT business
Black Book survey: 85% of EHR users say subpar tech support disrupts patient care
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.