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Date of earnings release
10/26/17 after-market
The story
Amazon is leaving a wake of destruction behind it in the retail industry thanks to its dominance in e-commerce. Founder Jeff Bezos was briefly richest man in the world this year thanks to his stake in Amazon. Amazon has upped the ante in its expansion into grocery shopping with the purchase of Whole Foods. It still collaborates with Ocado and Morrison’s in the UK. Investors would probably have preferred a focus on growing areas of the business like its cloud division Amazon Web Services and popular devices like Amazon Echo and Fire TV. Shares have consolidated above $930 since the last earnings update when the company warned short term profits might be sacrificed for more investment spending.
Price chart
Price performance
5yr – +325%
YTD – +31%
Since last earnings date – from July 28 (after prior announcement) -3%
Earnings
EPS expectation for Q3: 1.883 (Adjusted), 0.040 (GAAP)
Revenue expectation for Q3: 41.443B
Revenue history and expectations
Source: Bloomberg, 23/10/17
Net income adj. history and expectations
Source: Bloomberg, 23/10/17
Valuation
Forward 12M P/E ratio: 182.36
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