Q3 report from Amazon (AMZN) under the new CEO
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Amazon the online retail behemoth, which has a market value of $1.68 trillion (behind Apple, Microsoft, and Alphabet), is set to release third-quarter earnings after the market close on Thursday, Oct. 28. Zacks expects a return per share of $8.72, down from $12.37 in the previous quarter. Sales are predicted to reach $111.85 billion, up from $96.15 billion in the previous quarter.
The internet shopping sector has continued to develop since the Covid-19 outbreak, but with the lessening of lockdown measures, consumers appear to be returning to their…