Amazon Earnings: What To Expect From The Tech Giant's Second Biggest Quarter Ever

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Here's what to expect from Amazon's second biggest quarter ever:

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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