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

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An Amazon worker moves boxes on Amazon Prime Day on July 11, 2023 in the East Village of New York City. Amazon holds the annual two-day event, where it offers shopping deals to Prime customers, in the middle of the summer. Amazon Prime Day has brought an estimated 10 billion dollars to the company in each of the last 3 years, as customers look to take advantage of discounts and quick shipping. (Photo by )

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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

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