10/31/2024
No corporate greed going on here!!!
Amazon shares took a hit after the company released its second-quarter report in July, as its quarterly sales and outlook missed expectations. Since then, shares have largely recovered to their level before the report, leaving them about 24% higher for the year so far at $187.83 as of Friday's close.
Analysts expect Amazon's third-quarter revenue to come in at $157.24 billion, up from the prior quarter and year-ago period. However, profits are projected to fall sequentially to $12.32 billion as expenses climb, despite rising roughly 25% year-over-year.
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Amazon. "Amazon.com Announces Third Quarter Results."
Analyst Estimates for Q3 2024 Q2 2024 Q3 2023
Revenue $157.24 billion $147.98 billion $143.08 billion
Earnings Per Share $1.15 $1.26 94 cents
Net Income $12.32 billion $13.49 billion $9.88 billion