Amazon (AMZN) Misses Q3 EPS by $2.80, Guidance Misses
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Amazon (AMZN) Stock Plunges on a Big EPS Miss and Weak Guidance, Analysts Lower PTs but Remain Positive on Accelerating AWS Sales Growth
October 29, 2021 4:54 AM EDTShares of Amazon (NASDAQ: AMZN) are down 4.8% in pre-open Friday after the company reported lower-than-expected Q3 results.
Amazon reported Q3 EPS of $6.12, which is much lower than the analyst estimate of $8.92. Revenue for the quarter came in at $110.8 billion versus the consensus estimate of $111.6 billion.
Operating cash flow fell 1% while free cash flow decreased to $2.6 billion. AWS experienced an acceleration of 39% year over year.
In the first several months of COVID-19, Amazonians played an essential role to help people secure the requisite PPE, food, and other in-demand items needed, and we... More
Goldman Sachs Defending Amazon.com (AMZN), 'we see AMZN increasingly as a compelling'
October 28, 2021 4:48 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $4,250.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "We expect investors to have a muted reaction to Amazon's Q3 21 earnings report as key issues likely remain in terms of framing the overall online eCommerce environment and the costs needed to emphasize... More
