Amazon Earnings Due Soon. Can AWS Match Microsoft, Google Cloud Beats?

Amazon's Q3 earnings are set for October 30th, with investors eagerly awaiting news on AWS's cloud growth amidst competition from Microsoft and Google. Despite recent AWS slowdown and layoffs, the focus is on AI, with analysts looking for a 18% sales increase to $32.4 billion. Amazon's retail business, making up 60% of sales, is also under scrutiny due to tariffs, but analysts expect a 10% increase in North America retail sales. Overall, earnings are forecasted to rise, and Amazon's holiday quarter guidance will be closely watched. Despite recent stock dip, most analysts remain optimistic about Amazon's long-term prospects.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.