Amazon Q3 2020 Earnings – a Bumper Quarter Characterized by a Massive EPS Beat
https://wccftech.com/amazon-q3-2020-earnings-a-bumper-quarter-characterized-by-a-massive-eps-beat/
Amazon (NASDAQ:AMZN), a veritable titan in the e-commerce sphere, has generated a return of over 90 percent relative to the low of $1,676.61 that the stock hit back in March. Today, the company is in the limelight as it gears up to reveal its earnings for the third quarter of 2020.
For the three months that ended on the 30th of September 2020, Amazon earned $96.1 billion in revenue, exceeding consensus expectations by 3.8 percent and registering an annual increase of 37 percent. This compares with $88.9 billion that the company earned in the second quarter of 2020.