- AMZN loses 2.65% at the close of the American session.
- Investors are preparing for the company’s financial report, which will be released next week.
- The company has exceeded market expectations in the last five quarters.
AMZN shares hit a daily high of $191.58 as aggressive sellers pushed the stock to a daily high of $185.99, losing 2.65%, in today’s session.
Investors are gearing up for next week’s earnings report
The leading e-commerce and technology services company is preparing to release its financial report for the second quarter of the year. The company has exceeded estimates for the last five consecutive quarters.
This time around, the consensus expects Amazon to post revenue of $148.63B and earnings per share of $1.03. Analysts have a positive outlook on the company, with projections for October of this year pointing to revenue growth to $158.21B and earnings per share of $1.15.
AMZN daily chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
