Menu

Post image 1
Post image 2
1 / 2
0

Amazon set to report first-quarter earnings after the bell

CNBC·Annie Palmer·about 1 month ago
#DBHOVozx
Reading 0:00
15s threshold

Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Noah Berger | Getty Images Amazon is scheduled to report first-quarter results after the market close on Wednesday. Here's what Wall Street is expecting, according to estimates compiled by LSEG: Earnings per share: $1.64 Revenue: $177.3 billion Wall Street is also looking at other key revenue numbers: Amazon Web Services: $36.92 billion expected, according to StreetAccount Advertising: $16.87 billion expected, according to StreetAccount Revenue is projected to increase 14% in the first quarter, an acceleration from a year earlier, when sales grew 8.6% to $155.7 billion, and roughly in line with last quarter's 13.6% growth. Investors will be closely watching Amazon's cloud business, where revenue is expected to jump roughly 26% from a year ago.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More