LIVE: Amazon's earnings

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Jeff Bezos

Chip Somodevilla/Getty

Amazon CEO Jeff Bezos

Amazon is reporting its third quarter earnings after the bell on Thursday.

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Here are the most important numbers:

  • EPS (GAAP): $0.78 per share average analyst estimate, up from $0.17 per share from a year ago
  • Revenue: $32.69 billion average analyst estimate, up 28.9% from last year's $25.36 billion

Amazon has posted three straight record quarterly profits and has been in the black for five consecutive quarters - an unusual situation for the company which historically reinvests profits into new growth opportunities.

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Amazon is also one of the best performing tech stocks in recent years, jumping 70% since February and more than doubling its price over the past 18 months. The company's now worth $380 billion, 4th largest among all US public companies.

The company's growth is largely driven by two things: Prime members, estimated to be around 60 million worldwide, and AWS, its cloud business which is on track to hit $10 billion in revenue this year. Investors will keep an eye out for the growth of its operating profit margin as well.

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We'll be updating this post with info from the earnings call or click here for the latest updates.

Disclosure: Jeff Bezos is an investor in Business Insider through hispersonal investment company Bezos Expeditions.

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