Amazon Provides Strong Sales Forecast on E-Commerce Business

📆 03/08/2023 20:19:00
📰 economics

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NEW: Amazon gave a sales outlook that topped estimates on a strong performance from its main e-commerce business

gave a sales outlook that topped estimates on a strong performance from its main e-commerce business. The shares rose about 6% in extended trading.

Revenue in the current quarter will be $138 billion to $143 billion, compared with analysts’ average projection of $138.3 billion. Operating income will range from $5.5 billion to $8.5 billion. Analysts, on average, estimated $5.41 billion.

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