Amazon will report earnings after the market closes Thursday, and analysts are forecasting the slew of recent blockbuster reports from big-tech giants could continue with the ecommerce juggernaut, which is expected to post its second-best quarter ever—second only to last year's record-shattering fourth-quarter.The Washington Post via Getty ImagesAnalysts expect Seattle-based Amazon will report revenue of about $104.5 billion in the first quarter, 39% more than the $75.
Boosted by stimulus checks and improving sales of Amazon Web Services , net income is expected to hit $9.54 per share, or roughly $4.8 billion—soaring 90% from $2.5 billion one year ago. Analysts universally agree that Amazon will post its second-biggest quarter ever for sales, behind only the $125.6 billion nabbed in last year'sAs of 11:30 a.m. ET, Amazon shares are up 0.5% Thursday, lifting the stock's year-to-date gain to about 9%—lower than the tech-heavy Nasdaq's 11% increase.
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Amazon delivers a big earnings beat heading into Jeff Bezos' final quarter as CEOBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. BIG DOG KEEPS FUCKING WINNING!! LOVE IT MEXICO RECORD UNDERAGE AND WOMEN INTIMATE VIDEOS FROM TV AND MOBILE DEVICES IS APPROVED BY THE LAW,, IF YOU TRY TO TALK ABOUT HEY USE THAT INFO AGAINST YOU AND YOUR FAMILY TO BLACK MAIL So happy they killed it with earnings. Maybe Amazon can finally afford to pay taxes now 🤞
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