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

28 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

29 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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Trump spent $3 million for a vote recount in Wisconsin's largest county to...

Trump spent $3 million for a vote recount in Wisconsin's largest county to support his baseless claim of ballot fraud but lost by even more than initially thought

Summary List Placement President-elect Joe Biden gained votes in Wisconsin's largest county on Friday after Trump's election campaign demanded a recount earlier this month. The... Read more ...

The US surpassed 13 million COVID-19 cases - less than a week after hitting...

The US surpassed 13 million COVID-19 cases - less than a week after hitting 12 million cases

Summary List Placement The United States surpassed 13 million coronavirus cases on Friday, just six days after it hit 12 million cases, according to data from Johns Hopkins... Read more ...

'It's not how I wanted to go out': Chris Krebs, the election security...

'It's not how I wanted to go out': Chris Krebs, the election security official fired by Trump, opens up in new interview and dismisses 'farcical' claims of voter fraud

Summary List Placement Chris Krebs was not "necessarily surprised" when President Donald Trump fired him in a tweet. But, in an interview with CBS News' "60 Minutes," the... Read more ...

The best Black Friday tech deals available now on headphones, vacuums...

The best Black Friday tech deals available now on headphones, vacuums, tablets, and more

Summary List Placement Black Friday 2020 is upon us, and there are already multiple deals available right now for the picking. Amazon, Best Buy, Walmart, Target, and the rest... Read more ...

Photos show long lines outside stores like Best Buy and GameStop on Black...

Photos show long lines outside stores like Best Buy and GameStop on Black Friday, despite the CDC labelling in-store shopping as a 'higher-risk' activity

Summary List Placement Some Americans formed long, crowded lines outside stores this Black Friday, despite the government's warning against indoor shopping. Photos showed... Read more ...

The best Black Friday deals on KitchenAid stand mixers - save up to $100

The best Black Friday deals on KitchenAid stand mixers - save up to $100

Summary List Placement KitchenAid stand mixers and attachments are up to $100 off during Black Friday, including our best overall pick from our guide to the best KitchenAid... Read more ...

A top scientist seen as the father of Iran's nuclear weapons program has...

A top scientist seen as the father of Iran's nuclear weapons program has been assassinated, Iranian media reports

Summary List Placement Iranian nuclear scientist Mohsen Fakhrizadeh was assassinated Friday, Iranian media reported. Fakhrizadeh, a former officer in Iran's Islamic... Read more ...

Amazon Fire TV devices are at their lowest prices ever for Black Friday...

Amazon Fire TV devices are at their lowest prices ever for Black Friday 2020, including the $18 Fire TV Stick Lite and $80 Fire TV Cube

Summary List Placement Amazon is discounting many of its own devices for Black Friday, including Fire TV streaming sticks . All four of the Fire TV devices are discounted at... Read more ...

Republican power is up for grabs in the post-Trump world. Here are the 16...

Republican power is up for grabs in the post-Trump world. Here are the 16 GOP power centers that Joe Biden will have to contend with

Summary List Placement President Donald Trump is about to leave the White House but don't expect him to vanish into the night. Trump, his family, and his close circle of... Read more ...

North Korea's Kim locked down Pyongyang & banned sea fishing amid Covid...

North Korea's Kim locked down Pyongyang & banned sea fishing amid Covid fears - S. Korea intelligence service

South Korea's spy agency told lawmakers that Kim Jong-un is taking extreme measures to stop the spread of Covid-19 and its economic consequences in his secretive state... Read more ...