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Amazon (AMZN) Reports Earnings Tomorrow: What To Expect

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Cloud computing and online retail behemoth Amazon (NASDAQ: AMZN) will be announcing earnings results this Wednesday afternoon. Here’s what to expect.

Amazon beat analysts’ revenue expectations last quarter, reporting revenues of $213.4 billion, up 13.6% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ revenue estimates but EPS in line with analysts’ estimates.

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This quarter, the market is expecting Amazon’s revenue to grow 13.9% year on year, improving from the 8.6% increase it recorded in the same quarter last year.

Amazon Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amazon rarely misses Wall Street’s revenue estimates.

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