Amazon will share its Q3 earnings results on October 24, 2019, and it will be interesting to see if the report will be enough to end the downtrend in the share price.
In mid-July, the share price peaked at $2034 per share and slid by approximately 13%, yet in the second quarter, Amazon’s revenue rose 20% YoY to $63.4 billion. This time around, Amazon forecast its revenues to grow year-over-year by 17% to 24% to $66 billion to $70 billion in the third quarter. A beat to this estimate could send the share price higher. Read our exclusive market update to find out more.
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