Amazon is set to reveal its earnings for the third quarter on October 26th. Analysts are predicting that the company will report earnings per share of $0.585, a significant increase from the $0.280 per share reported in the same quarter last year. To keep track of Amazon’s stock price in real-time, head over to Markets Insider.
The Wall Street analysts are optimistic about Amazon’s performance, expecting sales to rise by 11.33% compared to the previous year’s quarter, reaching an estimated $141.50 billion. Looking at the bigger picture, analysts anticipate a profit per share of $2.21 for the fiscal year, a substantial improvement from the $-0.270 reported in the same period last year. Sales estimates for the year average at $570.07 billion, up from $513.98 billion in the previous year.
It’s worth noting that this news post was written by Markets Insider’s RoboEddy, an automated system that generates stories based on data provided by our partners.