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Wall Street is expecting Jeff Bezos and Amazon to once again report strong earnings results on Thursday.
Wall Street is expecting Amazon to report another standout quarter on Thursday.
The e-commerce giant will announce its second quarter results after the market closes. Analysts polled by Bloomberg are expecting the company to report that its revenue jumped 18% from the same period a year earlier and its earnings per share by 10%.
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Here's what Wall Street is expecting:
- Q2 revenue: $62.5 billion. In the same period last year, Amazon posted $52.9 billion in sales.
- Q2 EPS: $5.56. The company earned $5.07 in the second quarter of 2018.
- Q3 revenue: $67.2 billion. Amazon recorded $56.6 billion in third-quarter sales last year.
- Q3 EPS: $6.61. The company posted a profit of $5.75 a share in the same period a year ago.
Heading into the report, Amazon's shares were slightly off, trading down $16.69, or about 1%, to $1984.12. But the stock is still up more than 4% just since its last earnings report in April.
We'll be covering the results as soon as they cross the wire, so refresh this pageor click here for the latest.