Company News: Amazon (AMZN) Q3 earnings beat analysts’ estimate

Market news

26 October 2018

Company News: Amazon (AMZN) Q3 earnings beat analysts’ estimate

Amazon (AMZN) reported Q3 FY 2018 earnings of $5.75 per share (versus $0.52 in Q3 FY 2017), beating analysts' consensus estimate of $3.09.

The company's quarterly revenues amounted to $56.576 bln (+29.3% y/y), slightly missing analysts' consensus estimate of $57.029 bln.

The company also issued downside guidance for Q4 FY2018, projecting revenues of $66.5-72.5 bln versus analysts' consensus estimate of $73.78 bln and operating income $2.1-3.6 bln versus analysts' consensus estimate of $3.89 bln.

AMZN fell to $1,625.00 (-8.82%) in pre-market trading.

Company News: Alphabet (GOOG) Q3 EPS beat analysts’ forecast

Global stocks are trading lower today, signaling a return to the negative mood that has dominated global markets for most of the week amid geopolitical tensions and trade frictions between the U.S. and China

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