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Amazon set to report earnings: AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.09 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff a

Amazon earnings primer: Why AI and tariffs are key to the second quarter

Amazon will report second-quarter results after the market close Thursday. Here's what analysts surveyed by LSEG are expecting: Earnings per share: $1.33 $1.33 Revenue: $162.1 billion Wall Street is also looking at other key revenue metrics: Amazon Web Services: $30.8 billion, according to StreetAccount $30.8 billion, according to StreetAccount Advertising: $14.99 billion, according to StreetAccount The company spooked investors in May when it warned in its earnings report that "tariff an

IBM shares drop despite earnings beat

IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 5% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over