Amazon’s Earnings Outlook Could Be Better Than Feared, Analyst Says

July 15, 2022 11:34 am ET

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Amazon com will report second-quarter earnings two weeks from now, and the Street is expecting bad news.

Consensus estimates call for revenue of $119.5 billion, which would be up just 4% from a year ago, with profits of just 16 cents a share. Analyst expect a slight year-over-year decline in the company’s core e-commerce business, which is grappling with softer consumer demand, difficult macroeconomic conditions, and tough year-over-year comparisons. And there are worries that September-quarter guidance will fall short of the current consensus.

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