On October 26, Amazon is set to release its earnings report for the third quarter. Analysts are predicting that the company will report earnings per share of $0.585. If you’re interested in tracking Amazon’s stock price in real-time, you can do so by visiting Markets Insider.
In the same quarter of the previous year, Amazon reported earnings per share of $0.280. However, this time around, 41 analysts are forecasting a higher figure of $0.585 per share.
Wall Street analysts are also anticipating an 11.33% increase in sales compared to the prior year quarter. The company is expected to report sales of $141.50 billion.
Looking at the bigger picture, analysts are projecting a profit per share of $2.21 for the fiscal year, a significant improvement from the $-0.270 per share in the same period last year. Sales estimates for the year average around $570.07 billion, up from $513.98 billion in the previous year.
It’s important to note that this news article was written by Markets Insider’s RoboEddy, an automated system that generates stories based on data provided by our partners.