Amazon.com, Inc. (NASDAQ:AMZN) released its earnings numbers for the three months through September 30 this afternoon after the market closed on Wall Street. The company showed a loss per share of 9 cents on revenue totaling $17.09 billion. On today’s market, the company’s stock trended up. The firm’s shares finished the day trading for $330.69.
In the run up to the release of this earnings report analysts following Amazon.com, Inc. (NASDAQ:AMZN) were looking for a loss of 9 cents per share from the online retailer. Revenue for the three months was expected to come in at $16.8 billion. In the same quarter of 2012 the company managed to lose 23 cents per share on revenue totaling $13.8 billion.
Amazon.com, Inc. (NASDAQ:AMZN) earnings are very unpredictable because of the non-communicative relationship that often exists between the company’s management and investors and it’s non-standard investment philosophy. Amazon is expected to record a slim profit this year, but if the company’s management decides that investment is needed in the fourth quarter, the firm may not manage that this year.
Top value fund managers are ready for the small cap bear market to be done
During the bull market, small caps haven't been performing well, but some believe that could be about to change. Breach Inlet Founder and Portfolio Manager Chris Colvin and Gradient Investments President Michael Binger both expect small caps to take off. Q1 2020 hedge fund letters, conferences and more However, not everyone is convinced. BTIG strategist Read More
The real thing that Amazon cares about is revenue, and the company has managed to expand that number manifold in recent years. As its business expands, it almost seems impossible that the company can keeping losing money.
Amazon.com, Inc. (NASDAQ:AMZN) is planning on earning a profit this year, though most of it will stem from what the company assumes will be a good fourth quarter. The firm strategically invests and doesn’t make a profit on many of its product lines. The firm did not make a profit in 2012, and it only expects to make a slim profit this year.
Despite the firm’s poor earnings compared with rival tech companies, Amazon.com, Inc. (NASDAQ:AMZN) shares have spiraled upward this year, and they are valued at an incredibly high level. Shares in Amazon have risen by more than 30 percent since January 1.
Amazon.com, Inc. (NASDAQ:AMZN) executives will host a conference call to discuss these numbers at 5 p.m. EST. Analysts and investors will want to know what the company’s guidance for the fourth quarter is, and what the company is planning for the holiday season.