Earnings Preview: Amazon (AMZN)

Amazon.com Inc. AMZN is set to report earnings tonight, and everyone on Wall Street will be looking to see how much market share Amazon continues to take away in electronics, groceries, and videos. At last check, shares were off over 1% today, losing $3.32 to $182.11, a loss of 1.8%. Wall Street is expecting earnings of 61 cents on $9.52 billion in revenues. This compares to 2010, when the company reported 66 cents per share on $7.13 billion in revenues, up 33.5% from a year ago. The company trades at 41 times next year's earnings, which is inline with average forward earnings multiples. It has a price to earnings growth ratio of 2.3, high, but not that high for a company growing 30% per year. Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates retail Web sites, including amazon.com and amazon.ca.