However, the e-commerce giant maintains a strong position in the sector.), the e-commerce behemoth, is gearing up to report its second-quarter earnings in the week ahead. While the stock has experienced a modest pullback in recent weeks alongside other big tech names, investor optimism remains high.
Amazon Ads has demonstrated impressive growth, with first-quarter revenue soaring 24% year-over-year. The introduction of ads on Prime Video is expected to further fuel this expansion. The recent Prime Day event, which generated $14.2 billion in sales, has added to the positive sentiment surrounding Amazon. However, with such high expectations, investors will be closely watching for any signs of weakness in the company's performance.Forecasts project significant year-on-year growth in Amazon's earnings per share . If Amazon meets or exceeds the expected EPS of $1.01 and revenues of $148.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »