Close

Amazon (AMZN) Misses Q3 EPS by 39c, Q4 Holiday Revenue Guidance Misses

October 24, 2019 4:02 PM EDT

Amazon (NASDAQ: AMZN) reported Q3 EPS of $4.23, $0.39 worse than the analyst estimate of $4.62. Revenue for the quarter came in at $70 billion versus the consensus estimate of $68.81 billion.

GUIDANCE:

Amazon sees Q4 2019 revenue of $80-86.5 billion, versus the consensus of $87.37 billion.

  • Net sales are expected to be between $80.0 billion and $86.5 billion, or to grow between 11% and 20% compared with fourth quarter 2018. This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates.
  • Operating income is expected to be between $1.2 billion and $2.9 billion, compared with $3.8 billion in fourth quarter 2018.
  • This guidance assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.

For earnings history and earnings-related data on Amazon (AMZN) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Hot Guidance

Related Entities

Earnings