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Amazon.com Inc. (NASDAQ:AMZN) shares are experiencing movement Wednesday ahead of Thursday’s earnings report. Stocks across sectors have also gained following strong earnings from AMD. Here’s what you need to know.
Earnings Preview: Amazon is also gearing up to report its second-quarter earnings on Thursday, with estimated EPS of $1.03 and estimated revenue of 148.557 billion. Analysts predict robust growth, with BofA Securities’ Justin Post forecasting second-quarter revenues to reach $149 billion, 40 basis points above Wall Street’s expectations.
Amazon Web Services (AWS) is expected to grow at 18% year-over-year, outpacing the Street’s 17% estimate. Goldman Sachs’ Eric Sheridan has raised his 2025 GAAP operating income estimate for Amazon to 8% above the Street's projection, citing potential margin improvements.
AMZN Price Action: Amazon shares are trading at $187.92, up by 3.4% according to Benzinga Pro.
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Posted In: AMZN
