Amazon (NASDAQ: AMZN) reported Q3 EPS of $5.75, $2.61 better than the analyst estimate of $3.14. Revenue for the quarter came in at $56.6 billion versus the consensus estimate of $57.1 billion.

“Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organizations in eight countries,” said Jeff Bezos, Amazon founder and CEO. “And we’re not slowing down – Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100. These organizations are choosing Amazon Business because it increases transparency into business spending and streamlines purchasing, with increased control. The team is doing a fantastic job building and innovating for customers.”

GUIDANCE:

Amazon sees Q4 2018 revenue of $66.5-72.5 billion, versus the consensus of $73.38 billion.

• Operating income is expected to be between $2.1 billion and $3.6 billion, compared with $2.1 billion in fourth quarter 2017.
• This guidance assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.

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