Amazon Expected To Post $22 Billion Revenues, Slim Profits This Afternoon
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On average, analysts polled by FactSet are expecting earnings of 28 cents per share on revenue of $22.26 billion, according to a poll by FactSet. In October, Amazon forecast revenue of $20.25 billion to $22.75 billion for the quarter.
BGC Financial analyst Colin Gillis said "any upside" to Wall Street's expectations "is still a very low hurdle given the difficulty the company has had expanding earnings in recent quarters."
Overall, investors have been more than forgiving about Amazon's thin margins on the premise that the company is investing in long-term growth. As of the stock market's close on Monday Amazon's stock was up about 10 percent year-to-date.
Share rose slightly in premarket trading Tuesday, along with other
Amazon.com , based in Seattle, is the world's largest online retailer. It also sells e-readers and tablet computers under the Kindle brand.
Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.
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