Jim Watson | AFP | Getty Images
Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018.
Amazon is reporting its all-important fourth-quarter earnings on Thursday after the bell.
close attention to the top line, as revenue fell short of expectations in the last two quarters.
Here’s what Wall Street is expecting for the quarter, according to Refinitiv consensus estimates:
- EPS: $5.68 vs. $3.75 per share last year
- Revenue: $71.9 billion vs. $60.5 billion last year
- AWS: $7.3 billion (FactSet estimate) vs. $5.1 billion last year
The company is expected to report earnings of $2.8 billion in the fourth quarter — only the third time above $2.5 billion.
Amazon has seen a huge boost in profitability in recent years, after seeing growth in businesses like cloud, advertising and the third-party marketplace, where margins are bigger but sales are smaller. Amazon is historically known for running on thin margins because it reinvests most of its profits back into the company.
Amazon stock is up 18 percent over the past year. Its market cap, more than $840 billion as of Thursday afternoon, is the largest of any publicly traded company in the world.
from Just News Viral http://bit.ly/2HGj45u
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