LIVE: Amazon Earnings!

Amazon will release its Q2 earnings, just one day before the launch of its new Fire smartphone.

We'll have the numbers as soon as possible. This post is being updated as we go. Click here for the latest, or just refresh your browser.

Here's what analysts are expecting:

• EPS: -$0.15
• Revenues: $19.34 billion

Besides its new smartphone, Amazon launched a bunch of other products this year, including a TV streaming box, an unlimited e-book subscription service, and a music-streaming service. Investors have historically been extremely patient with Amazon's razor-thin margins, buying into CEO Jeff Bezos assurance that Amazon is investing in the longterm. However, shares have been down 10% this year, showing that they might be ready to put pressure on the company to start showing a profit.

Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.