AMZN

Amazon.com Inc. Bottom Line Falls In Q3

(RTTNews) - Amazon.com Inc. (AMZN) announced a profit for third quarter that dropped from last year.

The company's bottom line totaled $2.13 billion, or $4.23 per share. This compares with $2.88 billion, or $5.75 per share, in last year's third quarter.

Analysts had expected the company to earn $4.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.7% to $69.98 billion from $56.58 billion last year.

Amazon.com Inc. earnings at a glance:

-Earnings (Q3): $2.13 Bln. vs. $2.88 Bln. last year. -EPS (Q3): $4.23 vs. $5.75 last year. -Analysts Estimate: $4.62 -Revenue (Q3): $69.98 Bln vs. $56.58 Bln last year.

-Guidance: Next quarter revenue guidance: $80.0 - $86.5 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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