Money is still flowing despite concerns about the economy, but Wall Street is wondering how much of that money is being spent on Amazon.com Inc.
Don’t miss: The holiday-shopping season has a different problem this year than last — and it could lead to some deals Demand for Amazon’s AWS business, Forte said, could be propelled by businesses’ efforts to save money on technology, as they contend with their own rising costs. But he cast doubt on the company’s efforts to make money on the NFL via Thursday Night Football and “The Rings of Power,” an adaptation of J. R. R. Tolkien’s fantasy novels.
CNBC reported that Amazon’s first Thursday Night Football game drew record Prime sign-ups in a matter of hours. While the Rotten Tomatoes critics rating for “Rings of Power” stands at 85%, the average audience score for the series is 39%. What to expect Earnings: Analysts polled by FactSet expect Amazon to earn 22 cents per share in the third quarter, down from 31 cents in the period a year ago. Contributors to Estimize — a crowdsourcing platform that gathers estimates from Wall Street analysts as well as buy-side analysts, fund managers, company executives, academics and others — are projecting earnings of 26 cents a share on average.