Business

'Gearing up for a big 4Q with fulfillment and COVID investment': Here's what 4 Wall Street analysts had to say about Amazon's 3rd-quarter earnings report

26 days ago   |   By Business Insider

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Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook.
Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, "which is just one of the signs that this is going to be an unprecedented holiday season."
Here's what four Wall Street analysts had to say about Amazon's 3rd-quarter earnings report.
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Amazon third-quarter earnings report easily beat analyst estimates, but a tepid fourth-quarter forecast hurt the...
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Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout

Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout

26 days ago   |   By Business Insider

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Shares of Amazon dipped 2% during premarket trading on Friday after the e-commerce giant reported its profits are likely to fall below the Street's estimates in the fourth quarter.
The profit estimates overshadow Amazon's blowout third-quarter earnings where sales growth skyrocketed 37% and revenue guidance beat expectations.
Amazon said its fourth-quarter operating profits will fall between $1.0 billion and $4.5 billion, below the $5.81 billion Street estimate, as COVID-19 related costs pile up.
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Amazon dipped as low as 2% in premarket...
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The best Black Friday Instant Pot deals that are already live now - save up...

The best Black Friday Instant Pot deals that are already live now - save up to 50% on popular Duo, Nova, and Viva models

Summary List Placement Some of the best early Black Friday 2020 deals on Instant Pot multicookers are being offered across Amazon, Target, Walmart, and Kohl's. Here's an... Read more ...

US weekly jobless claims rise to 778,000, more than economist forecasts as...

US weekly jobless claims rise to 778,000, more than economist forecasts as labor-market recovery weakens

Summary List Placement The number of filings for US unemployment insurance rose last week, defying economist estimates that called for a decline. The latest data suggests the... Read more ...

Second stimulus checks: Economists urge new round of $1,200 payments to...

Second stimulus checks: Economists urge new round of $1,200 payments to Americans

WASHINGTON - As Americans prepare for Thanksgiving, a group of more than 125 economists is calling for a second round of $1,200 stimulus checks for Americans, saying in an open... Read more ...

Mobile home owners need homeowners insurance, but it's not the same type...

Mobile home owners need homeowners insurance, but it's not the same type you'd get for a house

Summary List PlacementTable of Contents: Masthead Sticky Homeowners insurance offers protection for homeowners' belongings and the home itself. There are eight types of... Read more ...

Dyson vacuums are up to $200 off right now for Black Friday - you can also...

Dyson vacuums are up to $200 off right now for Black Friday - you can also get $75 worth of free tools when you order from Dyson directly

Summary List Placement Dyson deals are plentiful during Black Friday, and some of the best ones we've seen so far are $150 off the Cyclone V10 Animal and $150 off the V8 at... Read more ...

The best Black Friday deals available before Thanksgiving: Save on the Apple...

The best Black Friday deals available before Thanksgiving: Save on the Apple Watch, Roku, Fitbit, Instant Pot, and more

Summary List Placement Thanksgiving Day is tomorrow, which means Black Friday 2020 is just two days away. Black Friday lands later this week on November 27, but shoppers can... Read more ...

US stocks waver as worse-than-expected jobless claims nullify reopening hopes

US stocks waver as worse-than-expected jobless claims nullify reopening hopes

Summary List Placement US stocks fluctuated on Wednesday as a surprise jump in weekly jobless claims stifled recovery enthusiasm. New claims for unemployment benefits rose to... Read more ...

Tesla is recalling more than 9,000 Model X cars over a cosmetic adhesive...

Tesla is recalling more than 9,000 Model X cars over a cosmetic adhesive that could fly off

Summary List Placement Tesla on Wednesday filed to recall an estimated 9,136 Model X vehicles due to issues with a cosmetic adhesive that could come loose, fly off, and create... Read more ...

Boris Johnson's plan to let families mix at Christmas is 'throwing fuel over...

Boris Johnson's plan to let families mix at Christmas is 'throwing fuel over the COVID fire' and will trigger new coronavirus wave, his scientific advisor warns

Summary List Placement Boris Johnson's plan to relax the UK coronavirus lockdown over the Christmas period is like "throwing fuel over the COVID fire" and will lead to a third... Read more ...

Ivanka Trump and Jared Kushner are expanding their New Jersey estate after...

Ivanka Trump and Jared Kushner are expanding their New Jersey estate after hostile signals from New York high society about their post-presidency life

Summary List Placement Ivanka Trump and Jared Kushner are looking to expand their estate in New Jersey, The New York Times reported , as they plan their life after the White... Read more ...