What's New With Amazon.com, Inc.?
Online retailer Amazon.com (NASDAQ: AMZN) is about to release its third-quarter results. After the closing bell on Thursday, Oct. 26, investors will get a fresh look at Amazon's business status. Here's a quick look at what to expect from this important update.
Management offered some guidance targets for the third quarter.
Net sales are expected to land near $40.5 billion, representing year-over-year growth of roughly 24%. Further down the income statement, Amazon's operating income should stop fairly close to the breakeven point -- the guidance range stretches from $400 million of red ink to $300 million in the black. In the year-ago quarter, Amazon's operating income was $575 million.
Source: Fool.com
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