Amazon Forecasts Revenue Growth Ahead of October 29 Earnings

Amazon.com, Inc. will report its third-quarter financial results on October 29. Analysts forecast revenue to reach $202.3 billion, a 12.3% increase over the $180.2 billion reported during the same period last year. Earnings per share are expected to be $1.96, slightly above the $1.95 recorded a year ago.

Market focus remains on revenue from Amazon Web Services and the company's capital expenditures, as spending levels are expected to influence overall cash flow. The options market indicates high implied volatility, with a projected 7% price movement following the announcement.