Random News

eriinfo

Live updates: Amazon to report 4th-quarter earnings

02 mins

MediaNews Group/The Riverside Press-Enterprise via Getty Images

Amazon reports fourth-quarter earnings on Thursday.Investors will be watching growth in the AWS cloud unit and profitability levels in the retail division.The company’s stock is up 2.3% in 2023, slightly outpacing the market.

Amazon will report fourth-quarter earnings on Thursday after the closing bell.

Growth in Amazon’s AWS cloud unit, profitability levels in its retail division, and progress in growing its advertising and artificial intelligence business will be top of mind for Wall Street analysts.

Amazon’s stock was up 2.3% year-to-date through Wednesday’s close, slightly outpacing the S&P 500‘s 1.8% gain.

Amazon’s consensus fourth-quarter net sales estimate is $166.21 billion

4th quarter

Net sales estimate: $166.21 billion

Online stores net sales estimate: $68.91 billion

Physical Stores net sales estimate: $5.23 billion

Third-Party Seller Services net sales estimate: $41.96 billion

Subscription Services net sales estimate: $10.31 billion

AWS net sales estimate: $24.22 billion

North America net sales estimate: $102.88 billion

International net sales estimate: $38.96 billion

Third-party seller services net sales excluding F/X estimate: +15.9%

Subscription services net sales excluding F/X estimate: +12.5%

Amazon Web Services net sales excluding F/X estimate: +11.8%

EPS estimate: $0.78

Operating income estimate: $10.49 billion

Operating margin estimate: 6.17%

North America operating margin estimate: +4.12%

International operating margin estimate: -1.27%

Fulfillment expense estimate: $25.2 billion

Seller unit mix estimate: 59.5%

1st quarter

Net sales estimate: $142.01 billion

Operating income estimate: $9.12 billion

Source: Bloomberg

Read the original article on Business Insider

Related News