Amazon (AMZN) is set to report Q2 results today after the close with a call to follow at 5:30pm ET.
The S&P CapitalIQ consensus calls for a 84% yr/yr decrease in non-GAAP EPS to just $0.12 from $0.76 a year ago.
Revenue is expected to grow 5% yr/yr to $119.16 bln, current guidance is $116-121 bln.
Operating income is a metric that's closely watched.
AMZN previously guided to Q2 operating income of $(1)-3 bln
AMZN reported a GAAP loss in Q1 for the first time in 5+ years
Microsoft's (MSFT) JunQ cloud results were better than feared so the bar is set there for AWS.
AWS segment sales rose 36.6% yr/yr in Q1 to $18.44 bln.
TECHS:
AMZN has been in a range with the stock fluctuating between $100-125 range.
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