Amazon.com Announces Third Quarter Results
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Amazon (AMZN) Stock Plunges on a Big EPS Miss and Weak Guidance, Analysts Lower PTs but Remain Positive on Accelerating AWS Sales Growth
October 29, 2021 4:54 AM EDTShares of Amazon (NASDAQ: AMZN) are down 4.8% in pre-open Friday after the company reported lower-than-expected Q3 results.
Amazon reported Q3 EPS of $6.12, which is much lower than the analyst estimate of $8.92. Revenue for the quarter came in at $110.8 billion versus the consensus estimate of $111.6 billion.
Operating cash flow fell 1% while free cash flow decreased to $2.6 billion. AWS experienced an acceleration of 39% year over year.
In the first several months of COVID-19, Amazonians played an essential role to help people secure the requisite PPE, food, and other in-demand items needed, and we... More
Goldman Sachs Defending Amazon.com (AMZN), 'we see AMZN increasingly as a compelling'
October 28, 2021 4:48 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $4,250.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "We expect investors to have a muted reaction to Amazon's Q3 21 earnings report as key issues likely remain in terms of framing the overall online eCommerce environment and the costs needed to emphasize... More
Amazon (AMZN) Misses Q3 EPS by $2.80, Guidance Misses
October 28, 2021 4:02 PM EDTAmazon (NASDAQ: AMZN) reported Q3 EPS of $6.12, $2.80 worse than the analyst estimate of $8.92. Revenue for the quarter came in at $110.8 billion versus the consensus estimate of $111.6 billion.
Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020.Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the trailing twelve months ended September 30, 2020.Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $8.8 billion for the... More