Amazon EPS $0.98 vs $0.84 estimate, on Revenues of $143.30 vs $142.6B estimatt

Amazon will report earnings after the close. Below are the expectations:

• Revenue: $143.3B vs expectations of $142.6 billion, up from $127.4 billion in Q1 2023.
• Adjusted Earnings Per Share (EPS): $0.98 vs expectations $0.84, an increase from $0.31 in Q1 2023.
• Online Stores: $xx.xB vs revenue expectations of $54.8 billion, up from $51.1 billion in Q1 2023.
• Amazon Web Services (AWS): $25.04 vs revenue expectations of $24.1 billion, up from $21.4 billion in Q1 2023. That was an increase of 17%. Expectations was 14.7%
• Advertising: Revenue expected to be $11.8 billion, up from $9.5 billion in Q1 2023.
• Amazon plans to invest dollars $750 million in technologies resources, training, and programs to further improve safety across its network.

Guidance estimate 150.13 B

• operating income is expected to be between $10 billion and $14 billion
• expects Q2 net sales to be 144B versus 149B

This article was written by Greg Michalowski at www.forexlive.com.