Amazon CEO Predicts "Unprecedented Holiday Season," but Growth Will Likely Still Decelerate
Amazon (NASDAQ: AMZN) announced its Q3 results after the market close last Thursday, and by pretty much every measure it reported another blowout quarter. The company posted revenue of $96.1 billion, up 37% year over year and soaring past analysts' consensus estimates of $92.7 billion. It also eclipsed management's forecast, which topped out at $93 billion.
Furthermore, the e-commerce giant generated impressive bottom-line growth, with operating income of $6.2 billion, ahead of the high end of its guidance range of $2 billion to $5 billion. This resulted in earnings per share of $12.37, crushing analysts' consensus estimates of $8.87 per share.
Given the company's stellar performance, why is Amazon stock falling?
Source Fool.com
