Amazon Set to Report First-Quarter Earnings: Analysts’ Expectations

Amazon will release its first-quarter financial results on Tuesday after the market closes. Analysts anticipate earnings per share of 83 cents and revenue of $142.5 billion, reflecting a 12% increase from the same period last year. This growth would mark Amazon’s fourth consecutive quarter of expansion in the low double digits. Despite economic challenges, Amazon’s cost-cutting initiatives, fulfillment optimization, and growth in high-margin businesses like cloud computing, advertising, and its third-party marketplace have contributed to its earnings acceleration. Wall Street will also focus on Amazon Web Services (AWS) revenue, projected to reach $24.5 billion, and advertising revenue, expected to increase by 23% to $11.7 billion. Amidst industry trends, analysts speculate if Amazon will consider announcing its first-ever dividend. The company’s financial performance, coupled with the market’s reaction to its earnings report, will provide insights into its ongoing strategy and future growth prospects.

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