Amazon is reporting its third-quarter earnings results on Thursday after the bell.Wall Street expects another huge quarter for Amazon, but will be watching for COVID-related costs, which the company previously said would come at around $2 billion for the third quarter.Wall Street expects strong expansion across the board, with both sales and profits growing in the face of the COVID-19 pandemic.$7.41 vs. $4.23 last year$11.61 billion vs. $8.
Wall Street is keeping a close eye on Amazon's COVID-related costs, which the company said would result in an additional $2 billion in spend for the third quarter. Amazon's cloud business could come under the scope, too, as sales growth is expected to reach a record-low 29% again in the third quarter amid intensifying competition.
Investors will look for clues to Prime Day's impact, which took place in October for the first time, through management commentary and fourth quarter guidance estimates.Your morning cheat sheet to get you caught up on what you need to know in tech. Sign up to 10 Things in Tech You Need to Know Today.
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