Amazon.com Inc. 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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