Revenue rose 15% to $110.8 billion, the company's fourth consecutive quarter of revenue topping $100 billion.Īnalysts surveyed by FactSet, however, on average expected $111.55 billion in quarterly revenue and per-share earnings of $8.90.Īmazon said that its sales for the fourth quarter should be between $130 billion and $140 billion, a growth of between 4% and 12% compared with fourth quarter 2020. That compared with a profit of $6.3 billion, or $12.37 per share, a share, during the year-ago period.
The company reported a profit of $6.2 billion, or $6.12 per share, for the three-month period ended Sept. Amazon was one of the few retailers that has prospered during the COVID-19 outbreak: As physical stores selling non-essential goods temporarily or permanently closed, homebound people turned to Amazon for everything from groceries to cleaning supplies. The issues are the latest twist that Amazon has had to confront since the beginning of the pandemic in the spring of 2020. It also led the Seattle-based company to deliver a holiday sales forecast that was below Wall Street expectations. Those challenges resulted in Amazon reporting a shortfall Thursday in third-quarter profits and sales. The online retail behemoth is also contending with surging costs as it navigates a snarled supply chain and labor shortages. NEW YORK (AP) - Amazon isn't just grappling with the easing of pandemic-induced shopping splurges.
