Amazon (AMZN) Q2 earnings report 2024 [Video]

Amazon is set to report second-quarter earnings after the bell on Thursday.

Here’s what analysts polled by LSEG are expecting:

• Earnings per share: $1.03
• Revenue: $148.56 billion

Wall Street is also looking at these key numbers:

• Amazon Web Services: $26 billion in revenue, according to StreetAccount
• Advertising: $13 billion in revenue, according to StreetAccount

Revenue growth at Amazon is accelerating, driven by its emerging advertising business and demand for cloud services, but expansion remains weak by the company’s standards. Analysts are expecting sales growth of 10.5% in the quarter from $134.4 billion, compared with a 13% increase in the first quarter.

Amazon is rounding out what’s been a mixed earnings season for leading tech companies. Google parent Alphabet met analysts’ expectations for the second quarter, but posted disappointing YouTube ad revenue. Microsoft‘s beat on the top and bottom lines was overshadowed by lower-than-expected Azure cloud revenue. Meta‘s results topped analysts expectations, fueled by growth in its core digital ads business. …