The company in a recent statement said it expects fourth-quarter net sales to be in the range of $181.5 billion to $188.5 billion, and operating income between $16 billion and $20 billion.
Analysts forecast earnings of $1.48 per share on revenue of $187.23 billion for Q4 2024. This compares to earnings of $1.83 per share and revenues of $170 billion the company reported in the same quarter a year ago.
In the third quarter of 2024, Amazon’s net sales increased 11% year-over-year to $158.9 billion. Net income was $15.3 billion or $1.43 per share in Q3, compared to $9.9 billion or $0.94 per share, last year.
ADVERTISEMENT