Amazon (NASDAQ: AMZN) is expected to release the fourth quarter 2020 results after the market close on Tuesday, February 2nd.

The e-commerce and tech giant makes a big splash in its all-important vacation quarterly report. In the third quarter, revenue and earnings slightly exceeded Wall Street’s consensus estimates, and fourth-quarter revenue forecasts were also above analysts’ expectations.

However, stocks fell slightly following the release of the last quarter’s results as investors were somewhat disappointed with management’s guidance for fourth quarter operating income. While there are no guarantees, investors should keep in mind that the company has been consistently delighted with its operating profit outlook over the past several years. For example, last quarter that metric was $ 6.2 billion, while …



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.