Amazon expected to contribute more than half of Q4 earnings growth for S&P 500 retail
https://www.marketwatch.com/story/amazon-expected-to-contribute-more-than-half-of-q4-earnings-growth-for-sp-500-retail-2018-11-24 Amazon.com Inc.’s fourth quarter earnings are expected to account for more than half of earnings growth among S&P 500 retailers, according to a report from FactSet. FactSet expects Amazon AMZN, -0.97% to report earnings per share of $5.51, more than double the $2.16 the e-commerce giant reported last year. Amazon beat FactSet earnings expectations the last five quarters. “Amazon.com is expected to report the highest earnings growth and is expected to be the largest contributor to earnings growth for the Retailing Industry Group and Food & Staples Retailing Industry Group combined,” wrote John Butters, senior earnings analyst at FactSet. “If Amazon were excluded, the estimated earnings growth for Q4 for these two retail industry groups would fall to 6.8% from 15%.” Ten of the 13 retail sub-industries, including ...
