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