Amazon is ticking higher ahead of earnings

  • Amazon is set to report its third-quarter earnings results after the bell on Thursday, and Wall Street is fairly bullish ahead of the report.
  • Shares are little changed, up 0.07% at $US973.63 a piece, ahead of the announcement.
  • Wall Street is expecting adjusted earnings of $US1.75 per share on revenue of $US42.194 billion. Bloomberg data shows. A vast majority, 87%, of analysts surveyed by Bloomberg rate the company as a “buy” compared to just one “sell.”
  • Goldman Sachs analyst Heath Terry said he will be primarily be watching the performance of Amazon’s Web Services business. He expects 41% year-over-year growth in the business.
  • Amazon is up 29.24% this year.

Check out which other companies are reporting earnings today.

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