Amazon (AMZN) EPS Raised Ahead Of Earnings Report At Loop Capital

Loop Capital analyst, Anthony Chukumba, reiterated his Buy rating on shares of Amazon.com (NASDAQ: AMZN) and raised his EPS estimate above consensus to reflect higher North America profitability. The company's 3Q 2018 results are scheduled for Thursday, October 25th.

The analyst stated "We believe investors are likely to primarily focus on North America and AWS sales growth, the advertising business, profitability, and management's recent decision to raise Amazon's US minimum wage
to $15 per hour".

No change to the price target of $2,200.

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $1850.00 yesterday.

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