TradingKey – Amazon (NASDAQ: AMZN) rose 0.59% to $254.60 on Wednesday, October 28, and premarket quotes on Thursday, October 29, sat slightly lower near $252.01. The company reports third-quarter results after the US close on Thursday, October 29, with the stock about 11% below its 52-week high of $287.20.
Amazon reports after two very different Big Tech reactions. Microsoft gained after hours on Wednesday after beating EPS and revenue estimates, while Alphabet fell sharply after missing on both and reporting negative free cash flow. Investors will judge Amazon on the same question: is AI spending turning into cash?
What Wall Street Expects
Analysts expect revenue of about $202.3 billion, up about 12% and just above the top of Amazon’s $197 billion to $202 billion guide. The EPS consensus is about $1.96, against $1.95 a year ago, but estimates range widely from $1.72 to $2.32. Amazon guided operating income, the profit from its core businesses, to $22.5 billion to $26.5 billion. AWS…
