Wall Streets expects smaller profit from Amazon, but still plenty of growth
https://www.cnbc.com/2017/10/26/amazon-earnings-preview-q3-2017.html
Wall Street expects Amazon to report another quarter with plenty of growth but little profit, as the e-commerce giant ramps up its investment in areas like warehouses, content, and international markets.
Amazon is expected to post third-quarter earnings of 3 cents a share after the bell Thursday, according to analysts polled by Thomson Reuters, down from 52 cents a year ago. Revenue is projected to increase 27 percent to $41.6 billion from $32.7 billion. Meanwhile, Goldman Sachs analysts expect operating expenses at Amazon to jump 40 percent to $15.3 billion.