LIVE: Here comes Amazon's earnings
Jul 27, 2018, 01:19 IST
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Wall Street is expecting big things from Amazon.
The e-commerce giant will report its second-quarter results after the close of regular trading Thursday, and analysts have forecast a blockbuster quarter.
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Here's what, on average, they're looking for in the just-completed period:
- Revenue: $53.35 billion. In the year-ago period, Amazon recorded $37.96 billion in sales.
- Earnings per share: $2.49. Amazon posted a per-share profit of 40 cents in the second quarter last year.
And here's what they're expecting in the third quarter:
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- Revenue: $58.03 billion. In the third quarter last year, Amazon saw $43.74 billion in revenue.
- Earnings per share: $1.68. In the same period last year, it earned 52 cents a share.
Amazon's results in recent quarters have been driven by Amazon Web Services, its cloud business, and its Prime membership service. Analysts have been bullish that those two factors will continue to propel the company in coming quarters.