Amazon expected to report huge jump in second-quarter Gains as it nears $1 trillion Landmark
Amazon is predicted to show bigger gains when it reports second-quarter earnings on Thursday, backed by the continued growth of its higher-margin businesses, such as cloud, advertisements and third-party marketplace.
Wall Street quotes Amazon to bill second-quarter gain of $2.50 per share, roughly $1.2 billion, up from the 40 cents per share reported a year ago, according to a Thomson Reuters consensus estimate.
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