Wall Street predicts that Amazon's first quarter was another strong one.
The retail and cloud computing giant reports on Thursday afternoon about the first three months of the year. Analysts predict that the company will achieve strong revenue and earnings growth.
The growth of its retail business in Amazon has slowed in recent quarters. However, the accelerated growth of the Amazon Web Services cloud unit and the advertising sales figures have supported it.
Analysts on average expect the company to compare their predictions with Amazon's results in the previous year:
- Q1 sales: $ 59.68 billion. In the same period a year ago Amazon achieved a turnover of 51
- Q1 EPS (GAAP): 4.67 USD. The company made a profit of $ 3.27 per share in the first quarter of last year.
- Second quarter revenue (outlook): $ 62.37 billion. In the second quarter of last year, Amazon achieved sales of 52.9 billion US dollars.
- Second quarter earnings per share (outlook): $ 6.34. The e-commerce giant acquired $ 5.07 per share for the same period in 2018.
Recently, Amazon's share price rose $ 14.25 per share, up from $ 14.25 or 1.9% to $ 1,916.00.
We will discuss the results of Amazon crossing the results. Refresh this page or click here for the latest updates.
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