Amazon's market value tops $1tn
https://www.bbc.com/news/business-45414331
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Amazon (AMZN) / Jeff Bezos 01 (Jul 08 - Oct 18)
Re: Amazon (AMZN) / Jeff Bezos
by winston » Sun Sep 09, 2018 9:13 am
not vested
FAANG Stocks: Amazon (AMZN)
Just days after crossing the $1 trillion market capitalization threshold, AMZN shares suffered their worst selloff since July on Thursday losing the $2,000-a-share level in the process.
No specific catalyst is in play, just a wave of sympathetic selling and profit taking. Valuations look extended, with RBC’s Mark Mahaney recently noted a 40x free-cash-flow multiple.
The company will next report results on Oct. 25 after the close. Analysts are looking for earnings of $3.05 per share on revenues of $57.1 billion.
When the company last reported on July 26, earnings of $5.07 beat estimates by $2.54 on a 39.3% rise in revenues.
Source: Investor Place
FAANG Stocks: Amazon (AMZN)
Just days after crossing the $1 trillion market capitalization threshold, AMZN shares suffered their worst selloff since July on Thursday losing the $2,000-a-share level in the process.
No specific catalyst is in play, just a wave of sympathetic selling and profit taking. Valuations look extended, with RBC’s Mark Mahaney recently noted a 40x free-cash-flow multiple.
The company will next report results on Oct. 25 after the close. Analysts are looking for earnings of $3.05 per share on revenues of $57.1 billion.
When the company last reported on July 26, earnings of $5.07 beat estimates by $2.54 on a 39.3% rise in revenues.
Source: Investor Place
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