Real Money’s Eric Jhonsa live-blogs Amazon’s earnings report and conference call with management.
Though Amazon.com’s stock soared after the company reported earnings in July, shares have more than given back their gains since, hurt by a market selloff and recent selling pressure in the shares of tech giants.
Bulls are hoping Amazon (AMZN) – Get Amazon.com Inc. Report will once more surprise to the upside on Thursday afternoon. Among analysts polled by FactSet, the consensus is for the e-commerce and cloud giant to report third-quarter revenue of $127.39 billion (up 15% annually) and GAAP EPS of $0.22 (down 29%).
Amazon provides quarterly sales and operating income guidance in its reports. For the seasonally big fourth quarter, the company’s revenue consensus stands at $155.09 billion (up 13%) while its GAAP operating income consensus stands at $5.05 billion (up 46%).
Eric Jhonsa, Real Money’s tech columnist, will be live-blogging Amazon’s report, which is expected after the bell on Thursday, along with an earnings call scheduled for 5:30 P.M. Eastern Time.
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3:47 PM ET: Hi, this is Eric Jhonsa. I’ll be live-blogging Amazon’s earnings report and call.
