Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) will be reporting results this Thursday afternoon. Here’s what you need to know.
Amazon beat analysts’ revenue expectations last quarter, reporting revenues of $181.5 billion, up 16.6% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and revenue guidance for next quarter exceeding analysts’ expectations.
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This quarter, the market is expecting Amazon’s revenue to grow 17.3% year on year, improving from the 13.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Amazon rarely misses Wall Street’s revenue estimates.
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