Amazon is expected to report its third quarter earnings after the bell on Thursday. Wall Street’s forecasts refer toi the following:
Revenue: $127.63 billion expected versus $110.8 billion in Q3 2021
Adjusted Earnings Per Share (EPS): $0.45 expected versus $6.12 in Q3 2021 (after a 20-for-1 stock split)
Amazon Web Services (AWS) Net Sales: $21.01 billion expected versus $16.11 billion in Q3 2021
There are places where Amazon could be set up to win, proving its resilience in a tech rout and volatile macroeconomic climate.
Amazon has guided to a 13% to 17% uptick in third-quarter sales, and analysts believe the company looks set to meet those numbers. Retail top line concern is mostly driven by macro and how Amazon will hold up in a recessionary environment.<\/p>\n\n\n\n
It has been a tough stretch for Big Tech and Amazon has been no exception. This week, the consequences of inflation’s squeeze on consumer spending was seen. Alphabet’s shares dropped after YouTube ad revenues came up short, while Meta’s stock also slid after its earnings miss on Wednesday.<\/p>\n\n\n\n
Amazon is not immune to the consumer slowdown. This month, the company’s second Prime event reportedly didn’t stack up, according to both CNBC and Fortune.<\/p>\n","protected":false},"excerpt":{"rendered":"
Amazon is expected to report its third quarter earnings after the bell on Thursday. Wall Street’s forecasts refer toi the following:Revenue: $127.63 billion expected versus $110.8 billion in Q3 2021Adjusted Earnings Per Share (EPS): $0.45 expected versus $6.12 in Q3 2021 (after a 20-for-1 stock split)Amazon Web Services (AWS) Net Sales: $21.01 billion expected versus …<\/p>\n","protected":false},"author":13,"featured_media":55058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6933,7113],"class_list":["post-74707","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-amazon","tag-earnings"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74707"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74707\/revisions"}],"predecessor-version":[{"id":74714,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74707\/revisions\/74714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55058"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}