Amazon’s Q3 2018 earnings: LIVE

Jeff Bezos, CEO of Amazon,
which is slated to report its third-quarter results
Thursday.
Cliff Owen/AP
Images

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.

Refresh this page for the latest.