Amazon Earnings: What to Watch on Tuesday After the Market Close
Amazon (NASDAQ: AMZN) is slated to report its fourth-quarter 2020 results after the market close on Tuesday, Feb. 2.
The e-commerce and technology giant is going into its important holiday quarter report on a strong note. In the third quarter, revenue and earnings easily beat the Wall Street consensus estimates, and fourth-quarter top-line guidance also came in higher than analysts had been expecting.
That said, shares fell slightly after last quarter's results were released because investors were somewhat disappointed with management's fourth-quarter operating income guidance. While there are no guarantees, investors should keep in mind that the company has been regularly breezing by its operating profit outlook in recent years. Last quarter, for instance, this metric landed at $6.2 billion, whereas management had guided for $2 billion to $5 billion.
Source Fool.com
