Amazon (AMZN) Tops Q3 EPS by 29c, Offers Guidance
Amazon (NASDAQ: AMZN) reported Q3 EPS of $1.43, $0.29 better than the analyst estimate of $1.14. Revenue for the quarter came in at $158.9 billion versus the consensus estimate of $157.25 billion.
GUIDANCE:
Amazon sees Q4 2024 revenue of $181.5-188.5 billion, versus the consensus of $186.36 billion.
- Net sales are expected to be between $181.5 billion and $188.5 billion, or to grow between 7% and 11% compared with fourth quarter 2023. This guidance anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
- Operating income is expected to be between $16.0 billion and $20.0 billion, compared with $13.2 billion in fourth quarter 2023.
- This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.
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