Technology
Amazon’s Q3 2018 earnings: LIVE
Investors and analysts are expecting Amazon on Thursday to report
that its profits swelled like a raging river.
The e-commerce giant is scheduled to report its third-quarter
results after the market closes. Wall Street has forecast that
its per-share earnings for the period will be
six times larger than they were in the same period a year
ago, driven by surging cloud, advertising, and online
shopping revenue.
Here’s what, on average, analysts are expecting:
- Q3 revenue: $57.1 billion. In the third
quarter last year, Amazon pulled in $43.7 billion in sales. - Q3 earnings per share: $3.11. In the same
period last year, the company earned 52 cents a
share. - Q4 earnings per share (forecast): $73.8
billion. In the holiday period last year, Amazon saw sales of
$60.5 billion. - Q4 EPS (forecast): $5.79. In last year’s
fourth quarter, the company earned $3.75 a share.
In late afternoon trading, Amazon’s stock was up $127.74 a share,
or 7.7%, to $1,791.94
We’ll be updating this story when Amazon reports its numbers.
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