|

News

    Home   >     Industry    >     Main body

    LIVE: Amazon reports earnings - Business Insider

    Abstract:Amazon's earnings come amid weak stock performance that lags other tech giants, as investors grow concerned over its investment and AWS slowdown.

      Amazon's fourth quarter earnings report comes amid heightened concerns over the company's spending in one-day shipping and slowing growth in its massive Amazon Web Services cloud unit.Amazon's stock has lagged its peers and the broader market over the past year.Wall Street analysts still seem bullish over Amazon's long-term prospects.Visit Business Insider's homepage for more stories.Amazon is reporting fiscal fourth quarter earnings at market close on Thursday.

      Wall Street expects Amazon to report sales growth of roughly 19% this quarter, as the company is spending billions of dollars in faster delivery and its cloud business. All that investment, however, is likely to cut into Amazon's profitability.Here's what Wall Street is expecting for the quarter:EPS: $4.04, according to analysts surveyed by FactSet, vs. $6.04 last yearRevenue: $86.0 billion, according to FactSet, vs. $72.4 billion a year agoAmazon Web Services: $9.8 billion, according to analysts surveyed by FactSet, vs. $7.4 billion last yearEstimates for the market-leading Amazon Web Services cloud unit show continued deceleration, as competition from Microsoft and Google intensifies. The estimated 32% growth in AWS for the fourth quarter is the weakest year-over-year revenue growth since Amazon started disclosing the unit's revenue in 2015.

      Concerns over Amazon's heightened spending and AWS's slowdown have caused the company's stock to lag behind its peers and the broader market over the past year. Amazon's stock is trading roughly flat this year, falling behind its peers like Apple (up about 11%), Alphabet (up 9% or so), and Microsoft (up about 8%). In 2019, it underperformed the broader market for the first time in 5 years.

    Latest News

    United Arab Emirates Dirham

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United Arab Emirates Dirham
    Convertible Amount
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.

    ×

    Select Country/Area