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.
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