Amazon said Q4 net sales are expected to be between $181.5B and $188.5B, or to grow between 7% and 11% compared with fourth quarter 2023. This guidance anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates. Operating income is expected to be between $16.0B and $20.0B, compared with $13.2B in fourth quarter 2023. This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded, the company stated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Last Minute Thought: Oppenheimer Weighs in on Amazon Stock Ahead of Earnings
- Amazon options imply 5.8% move in share price post-earnings
- Here’s what Wall Street is saying about Amazon ahead of earnings
- Apple or Amazon: Jefferies Picks the Superior Tech Stock to Buy Ahead of Earnings
- Here’s what Wall Street is saying about Intel ahead of earnings