Company Earnings Update 2 minutesRegister for Free AccessAmazon.com (NASDQ: AMZN) 3Q19 Results: Profit Falls Due to High One-Day Shipping Costs Coresight Research October 29, 2019 What's InsideAmazon profits fall for the first time in more than two years thanks to high one-day delivery costs. · Amazon.com reported 3Q19 revenues of $70.0 billion, up 23.7% year over year and above the consensus estimate of $68.8 billion to $63.5 billion. However, EPS was $4.31, down 27.1% year over year and below the $4.59 consensus estimate. AWS revenue growth slowed, to 34.7% from 37.3% the prior quarter. But still, AWS contributed 71.6% of corporate operating income. The company guided for 4Q19 revenues of $80.0-86.5 billion (up 11-20% year over year), below the consensus estimate of $87.39 billion; and provided guidance of operating income of $1.2-2.9 billion, far below the $4.2 billion consensus estimate. But earnings per share (EPS) declined from $5.91 to $4.31 a share, the first time Amazon earnings have shrunk year-over-year since June 2017, and below the consensus of $4.59 a share, according to FactSet. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Consumers Report Staying Home for Lunar New Year: China Consumer Survey InsightsEarnings Insights 1Q23, Week 2: Colgate-Palmolive, CVS, Floor & Decor, L’Oréal and Sprouts Farmers Market Post Strong Results; Carter’s, Estée Lauder, Hanesbrands and Wayfair Sales DeclineWeekly US and UK Store Openings and Closures Tracker 2024, Week 28: Big Lots To Close Stores; Hudson’s Bay Company Acquires Neiman MarcusEarnings Insights 2Q24, Week 5: Ross Stores, Target and TJX Among the Companies Reporting Sales Growth This Week