Amazon reports 4th-quarter earnings on Thursday. Here's what 3 Wall Street analysts are talking about.
Wall Street expects the e-commerce giant to report about $86.2 billion in revenue and adjusted earnings-per-share of $7.02, according to Bloomberg data. The company reported about $72.4 billion in revenue and adjusted EPS of $8.28 for the fourth quarter of 2018.. The company tanked as much as 8.6% in after-hours trading after beating analyst estimates for revenue but missing profit expectations.
The company is also set to provide an update on its one-day shipping initiative for Prime members. Amazon announced in 2019 that the service's rollout was costing more than expected, and analysts are sure to seek additional detail on the effort and whether the investment is paying off. The fourth-quarter figures will include revenue from 2019's unusually short holiday season. Though the brief Thanksgiving-to-Christmas period threatened to suppress sales, total holiday revenue grew 3.4% year-over-year with online sales soaring 18.8%, according toE-commerce sales accounted for nearly 15% of all holiday season revenue, the report added, suggesting Amazon's end-of-year revenue could come in above expectations.
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