Amazon Sees Q3 Net Sales $154.0B-$158.5B vs $158.24B Est.
Portfolio Pulse from Benzinga Newsdesk
Amazon has provided its guidance for Q3 2024, expecting net sales between $154.0 billion and $158.5 billion, which is slightly below the $158.24 billion estimate. The company anticipates an 8% to 11% growth compared to Q3 2023, with a 90 basis points negative impact from foreign exchange rates. Operating income is projected to be between $11.5 billion and $15.0 billion, compared to $11.2 billion in Q3 2023.
August 01, 2024 | 8:02 pm
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Amazon's Q3 2024 guidance indicates net sales between $154.0 billion and $158.5 billion, slightly below the $158.24 billion estimate. The company expects 8% to 11% growth compared to Q3 2023, with a 90 basis points negative impact from foreign exchange rates. Operating income is projected to be between $11.5 billion and $15.0 billion, compared to $11.2 billion in Q3 2023.
Amazon's guidance for Q3 2024 shows a slight shortfall in net sales compared to estimates, which may cause a neutral to slightly negative short-term impact on the stock price. However, the projected growth and operating income are positive indicators.
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