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Amazon Stock Q3 Preview: Key Things to Watch

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Written By: Alejandro Zambrano

Oct 16, 2019, 14:35 BST 14:35

Summary:

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.

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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Written By: Alejandro Zambrano

Alejandro Zambrano combines extensive professional experience and a pragmatic attitude to trading, building clients’ understanding of the markets and the rationale behind investing. Zambrano was the Chief Market Strategist of the FCA regulated broker, Amana Capital. Prior to that, he was also the Head Analyst at FXCM’s London research desk. Interact with Alex via Twitter at @AlexFX00.