Amazon Earnings Preview: 4 Key Things to Watch
Amazon.com (NASDAQ: AMZN) should be reporting its third-quarter results in just four weeks from this week. While no firm date has been announced, various sites peg the e-commerce behemoth's report date as Wednesday, Oct. 23, or Thursday, Oct. 24. It seems probable that it will be the latter, as the company has reported its Q3 results on a Thursday for at least the last three years.
Investors will likely be approaching the report with more uncertainty than in the recent past. Last quarter, Amazon's earnings fell short of Wall Street's consensus estimate, breaking a five-quarter string of expectation-crushing earnings.
Shares are up 19.5% so far in 2019 through Friday, Sept. 20, slightly trailing the S&P 500's 21.1% return. The stock, however, remains one of the best long-term performers among both tech and consumer goods stocks.
Source Fool.com
