Amazon (AMZN) Tops Q3 EPS by $4.96 Q4 Revenue Guidance Beats

Amazon (NASDAQ: AMZN) reported Q3 EPS of $12.37, $4.96 better than the analyst estimate of $7.41. Revenue for the quarter came in at $96.1 billion versus the consensus estimate of $92.7 billion.

GUIDANCE:

Amazon sees Q4 2020 revenue of $112-121 billion, versus the consensus of $112.32 billion.

• Net sales are expected to be between $112.0 billion and $121.0 billion, or to grow between 28% and 38% compared with fourth quarter 2019. This guidance anticipates a favorable impact of approximately 90 basis points from foreign exchange rates.
• Operating income is expected to be between $1.0 billion and $4.5 billion, compared with $3.9 billion in fourth quarter 2019. This guidance assumes approximately $4.0 billion of costs related to COVID-19.

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