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Amazon earnings: What to expect from the e-commerce giant

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Amazon is scheduled to report earnings Thursday afternoon

Amazon.com Inc.’s stock took a major hit Wednesday, sliding 5% a day before the company was to announce third-quarter results.

Looking ahead to Amazon’s report, which will show performance for the company’s AWS business, Piper Sandler analyst Thomas Champion said that “ night’s MSFT & GOOGL prints suggest ‘flattish’ growth is likely more realistic than re-acceleration into 3Q.”What to expect Earnings: Analysts tracked by FactSet forecast Amazon to report 59 cents a share in earnings, up from 28 cents a share a year before.

 

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