What To Expect From Amazon’s (AMZN) Q1 Earnings

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What To Expect From Amazon’s (AMZN) Q1 Earnings

Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) will be announcing earnings results tomorrow afternoon. Here’s what investors should know.

Amazon met analysts’ revenue expectations last quarter, reporting revenues of $187.8 billion, up 10.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EPS estimates.

Is Amazon a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Amazon’s revenue to grow 8.2% year on year to $155 billion, slowing from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.36 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Amazon has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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