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Point/Counterpoint: The Case for Amazon |
| Amazon's position in e-commerce makes it a clear winner among retailers in the pandemic era. Last month, it reported a 37% gain in third quarter revenue, to $96.1 billion and profit of $6.3 billion.
That amounted to whopping earnings per share of $12.37, up from $4.23 a share the year earlier. Analysts had been expecting EPS of $7.41. That's how big of a surprise the third quarter was.
But can Amazon.com Inc (NASDAQ:AMZN) maintain this momentum, especially given the stay-at-home era will eventually end, and people will start visiting malls and movie theaters once again.
Investing.com's Liz Moyer argues that Amazon has plenty of room to grow, while Geoffrey Smith says these gains are unsustainable. This is Point/Counterpoint. |
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