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Wall Street eagerly awaits bullish AI updates from Amazon heading into its latest earnings [Business Insider]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Have an account? Log in Amazon's Q4 earnings report is coming on Wednesday, and Wall Street is feeling upbeat. The stock has lagged the Mag 7 in the last year, but analysts see predict a strong report. Top banks are eyeing AWS growth and AI updates as key highlights. Amazon will be the latest Magnificent Seven company to report earnings this week, with the e-commerce giant's results due on Wednesday after the closing bell. As analysts noted in their pre-earnings takes, Amazon has lagged behind most of its mega-cap tech peers for much of the past year. Yet, despite the lackluster performance, many investment banks are optimistic that the company will reveal fresh growth from Amazon Web Services (AWS) and provide key AI updates. Wall Street expects Amazon tp post earnings-per-share of $1.96 for the quarter and revenue of $211.2 billion to $211.56 billion. Analysts anticipate that Amazon's earnings before interest and taxes will be $24.6 billion. Here's what analysts say t
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