The retailing and cloud computing giant reports its results for the first three months of the year on Thursday afternoon. Analysts have forecast that the company will post strong revenue and earnings growth.
Amazon has seen the growth of its retail business slow in recent quarters. But it's been buoyed by the supercharged growth of itsHere's what analysts, on average, are expecting from the company and how their forecasts compare with Amazon's prior-year results:Q1 EPS :$62.37 billion. In the second quarter last year, Amazon brought in $52.9 billion in sales.In recent trading before the market close, Amazon's stock was up $14.25 a share, or about 1%, to $1,916.00.
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Amazon Key for Garage now availablePrime customers who want to get deliveries to their garage can now use Amazon.com Inc.'s Key for Garage, available today. Customers with myQ-connected technology can link their account with Amazon, or customers can purchase a Key Smart Garage Kit. With the addition of the Amazon Cloud Cam, users can see into their garage remotely. Key by Amazon delivery service is available in 50 U.S. cities. Amazon, which will announce earnings on Thursday, has seen its shares rally 25.7% for the year to date while the S&P 500 index is up 16% for the period.
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Amazon to report first-quarter earnings after the bellThe quarterly numbers come at a time when Amazon is experiencing slowing revenue growth but fatter profit margins.
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