• Company News: Amazon (AMZN) quarterly earnings miss analysts’ forecast

Notícias do Mercado

25 outubro 2019

Company News: Amazon (AMZN) quarterly earnings miss analysts’ forecast

Amazon (AMZN) reported Q3 FY 2019 earnings of $4.23 per share (versus $5.75 in Q3 FY 2018), missing analysts’ consensus estimate of $4.49.

The company’s quarterly revenues amounted to $69.981 bln (+23.7% y/y), beating analysts’ consensus estimate of $68.723 bln.

The company also issued downside guidance for Q4 FY 2019, projecting revenue of $80.0-86.5 bln versus analysts’ consensus estimate of $87.17 bln and operating income of $1.2-2.9 bln versus analysts’ consensus estimate of $4.18 bln.

AMZN fell to $1676.99 (-5.83%) in pre-market trading.

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