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Amazon has already had its most profitable year ever, and the holidays are still on the way
Amazon AMZN, on Thursday afternoon reported third-quarter profit of $6.3 billion, or $12.37 a share, nearly triple the $4.23 a share collected a year ago. The company reported revenue of $96.1 billion, up from $69.98 billion a year ago and the most it has ever collected in a single three-month period, according to FactSet records. Analysts on average expected earnings of $7.41 a share on sales of $92.78 billion.
In total, Amazon has already collected more profit in the first nine months of 2020 than it did in all of 2019, when Amazon had record earnings of $11.59 billion. Amazon has collected nearly that much profit in just the second and third quarters this year, and is pushing $14 billion in net income through three quarters.
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https://www.marketwatch.com/story/amazon...=home-page
![[Bild: AMZNc1dl1631.png]](https://finviz.com/publish/102920/AMZNc1dl1631.png)
Amazon AMZN, on Thursday afternoon reported third-quarter profit of $6.3 billion, or $12.37 a share, nearly triple the $4.23 a share collected a year ago. The company reported revenue of $96.1 billion, up from $69.98 billion a year ago and the most it has ever collected in a single three-month period, according to FactSet records. Analysts on average expected earnings of $7.41 a share on sales of $92.78 billion.
In total, Amazon has already collected more profit in the first nine months of 2020 than it did in all of 2019, when Amazon had record earnings of $11.59 billion. Amazon has collected nearly that much profit in just the second and third quarters this year, and is pushing $14 billion in net income through three quarters.
....
https://www.marketwatch.com/story/amazon...=home-page
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