Amazon.com Sees Q3 Revenue $138B-$143B Vs $138.25B Est.
Portfolio Pulse from Happy Mohamed
Amazon.com has projected its Q3 2023 revenue to be between $138 billion and $143 billion, representing a growth of 9% to 13% compared to Q3 2022. The company also expects its operating income to be between $5.5 billion and $8.5 billion, a significant increase from $2.5 billion in Q3 2022. The guidance assumes no additional business acquisitions, restructurings, or legal settlements.
August 04, 2023 | 2:38 pm
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POSITIVE IMPACT
Amazon's projected increase in Q3 2023 revenue and operating income could potentially boost investor confidence and positively impact its stock price in the short term.
The projected increase in Amazon's Q3 2023 revenue and operating income indicates strong financial performance, which is likely to be viewed positively by investors. This could lead to increased demand for the company's stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100