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Live updates: Amazon to report quarterly earnings today after the market close

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Amazon reports first-quarter earnings on Tuesday.Investors will be looking for updates on the company’s cloud-computing business, as well as plans for AI.The company’s stock is up 19% in 2024 so far, more than double the S&P 500.

Amazon will report first-quarter earnings on Tuesday after the closing bell.

Investors will be watching for updates on the company’s cloud-computing business, as well as for insights into how Amazon plans to use artificial intelligence.

Amazon’s stock was down 19% year-to-date through Monday’s close, handily outpacing the the S&P 500‘s 8% gain.

Amazon’s consensus first-quarter net sales estimate is $142.59 billion

1st quarter

Net sales estimate: $142.59 billion

Online stores net sales estimate: $54.77 billion

Physical Stores net sales estimate: $5.08 billion

Third-Party Seller Services net sales estimate: $34.63 billion

Subscription Services net sales estimate: $10.83 billion

AWS net sales estimate: $24.11 billion

North America net sales estimate: $85.55 billion

International net sales estimate: $32.47 billion

Third-party seller services net sales excluding F/X estimate: +15.8%

Subscription services net sales excluding F/X estimate: +12.1%

Amazon Web Services net sales excluding F/X estimate: +14.5%

EPS estimate: 82c

Operating income estimate: $10.95 billion

Operating margin estimate: 7.63%

North America operating margin estimate: +4.92%

International operating margin estimate: -1.85%

Fulfillment expense estimate: $22.4 billion

Seller unit mix estimate: 59.4%

2nd quarter

Net sales estimate: $150.21 billion

Operating income estimate: $12.54 billion

Source: Bloomberg data

Read the original article on Business Insider

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