Amazon earnings updates: Analysts await AWS and AI details
According to Businessinsider, Amazon is next up among the mega-cap tech titans to report earnings, and investors are looking for something to get excited about, as the stock has lagged its peers over the last 12 months. Wall Street will focus on growth in the AWS cloud unit, and analysts will listen closely for updates on AI-related capex and costs following the recent spate of layoffs across the firm.
The company will publish its results shortly after the 4 p.m. ET closing bell, with the call with analysts scheduled for 5 p.m. ET. Consensus estimates include fourth-quarter net sales of $211.49 billion and EPS of $1.96. Segment estimates list online stores $82.3 billion, physical stores $5.88 billion, third-party seller services $53.16 billion, subscription services $12.74 billion, and AWS $34.88 billion, with North America at $127.21 billion and international at $49.74 billion.