Wall Street expects Amazon to report 22% growth in second-quarter revenue but a drop in profit as it continues to invest in new initiatives.
Wall Street sees Amazon posting a decline in profit compared with last year when it reports second-quarter results Thursday, as the company continues to invest in new areas like video, hardware devices and international expansion.
Amazon is expected to report second-quarter profit of $1.41 per share, down from the $1.78 per share reported a year ago, according to FactSet.
Revenue is projected to come in at $37.2 billion, up 22 percent from last year’s $30.4 billion. The company forecast revenue in the range of $35.25 billion to $37.75 billion.
These are the most important questions Amazon may have to address during the earnings call:
