Amazon Reports Earnings Today. What to Expect.

Amazon is due to report September quarter earnings after the close of trading on Thursday, and the signals all look positive.

AWS growth has decelerated for six straight quarters, falling to 12.2% in the June quarter, from 39.5% in the final quarter of 2021. The slowing growth reflects a recent focus from cloud customers on “optimizing” their cloud spending, figuring out how to get more value from their growing cloud outlays. Amazon bulls have been expecting AWS growth to begin accelerating soon as corporate spending budgets loosen and a focus on AI workloads expands.

For the September quarter, analysts’ consensus estimates call for Amazon to post overall sales of $141.5 billion, up 11% from a year ago, with profits of 58 cents a share, versus 28 cents in the year-earlier quarter. That includes an expected 6.5% increase in the online stores business to $57 billion. As tracked by FactSet, Street estimates call for third-party seller services revenue to grow 16.7% to $33.4 billion, with subscription services growing 13.5% to $10.1 billion.

BofA Global Research analyst Justin Post asserted in a research note previewing the quarter that the growth rate at AWS is the Street’s top focus area, with some third-party sources suggesting that demand has decelerated. He is projecting 12.5% growth for AWS, and cautions that a number in the 11% range would likely trigger selling. A number above 13% would likely spur the stock higher, he adds.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trading Earnings Season: 3 Steps for Using Earnings ReportsLearn how to trade earnings season, with tips on choosing companies and researching market conditions to establishing a strategy.
Source: DailyFX - 🏆 305. / 63 Read more »

Meta Reports Earnings Today. What to Expect.The Street projects Meta will post quarterly sales of $33.5 billion, up 21% from a year ago, with profits of $3.61 a share, up from $1.64.
Source: MarketWatch - 🏆 3. / 97 Read more »

Amazon earnings, Merck reports, Southwest Airlines: 3 things to watchAmazon earnings, Merck reports, Southwest Airlines: 3 things to watch
Source: Investingcom - 🏆 450. / 53 Read more »

Meta reports upbeat guidance after Q3 earnings tops estimates as margins jumpMeta reports upbeat guidance after Q3 earnings tops estimates as margins jump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market News Today: Nasdaq Falls 300 Points; Alphabet Stock Price Falls After EarningsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »

Honeywell Reports Earnings Soon. What to Expect.After a relatively weak year for the stock, investors will be hoping for a post-earnings bounce.
Source: MarketWatch - 🏆 3. / 97 Read more »