Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

SunTrust analyst says Amazon will have record-breaking holiday sales

Published 11/15/2017, 02:24 PM
Updated 11/15/2017, 02:24 PM
© Reuters.  SunTrust analyst says Amazon will have record-breaking holiday sales
  • A SunTrust Robinson Humphrey analyst says the upcoming holiday season will prove "record-breaking" for Amazon (NASDAQ:AMZN).
  • "Given a record breaking Prime Day in 2Q, continued momentum in 3Q, and the fact that this is just the second holiday season offering monthly Prime memberships, we expect a record-breaking holiday season for the company," writes analyst Youssef Squali.
  • In last year’s holiday quarter, Amazon’s profits were up 55%, but revenue fell short of analyst estimates.
  • Amazon shares are down 0.88%.
  • Previously: Amazon launches Alexa, Echo devices, and Prime Music in Canada (Nov. 15)
  • Now read: Amazon's Insane Investment And Celebrity ICOs - A Rangeley Capital Discussion


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.