2019.09.07【文茜世界周報】亞馬遜最大園區開幕 著眼印度電商市場
https://www.youtube.com/watch?v=syeB3F8 ... U&index=10
The company’s third quarter earnings report is often very volatile as the digital beast spends aggressively ahead of the holiday season. That usually doesn’t jibe well with always inflated expectations on Wall Street regarding Amazon’s profits.
This go around looks to be no different. Amazon shares fell 6% in pre-market trading on Friday as third quarter earnings badly whiffed consensus forecasts, coming in at $4.23 a share versus the $4.58 a share expected.
Profits were held back by Amazon’s $800 million investment in the expansion of one-day delivery services.
Meanwhile, Amazon Web Services sales growth slowed to 35% versus 37% in the second quarter. Amazon Web Services (AWS) also saw its profit margins come under pressure amid increased competitive activity in cloud services.
The company warned on fourth quarter profits, as it prepared to spend $1.5 billion more in its one-day delivery rollout.
Thill continues to rate Amazon’s stock at a Buy with a price target of $2,180.
Amazon AMZN reported third-quarter profit of $2.1 billion, or $4.23 a share, on sales of $69.98 billion after the market closed Thursday.
Sales rose from $56.58 billion a year ago, but earnings declined from $5.75 a share, the first time Amazon earnings have shrunk year-over-year since June 2017.
Analysts on average expected Amazon to report earnings of $4.59 a share on sales of $68.83 billion, according to FactSet.
Amazon’s forecast for the holiday quarter came in short of estimates for both profit and sales, as the company predicted net revenue of $80 billion to $86.5 billion with operating income of $1.2 billion to $2.9 billion.
Analysts on average were predicting fourth-quarter operating profit of $4.19 billion on sales of $87.39 billion, according to FactSet, after Amazon reported operating income of $3.79 billion on revenue of $72.38 billion in the holiday quarter a year ago.
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