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Amazon expect big profits from the second quarter earnings

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Amazon is expected to show higher profits after the second quarter report, backed by continued growth in its business with a higher margin.

Amazon's Wall Street estimates for second quarter earnings are $ 2.50 per share or approximately $ 1.2 billion, compared to 40 cents per share reported a year ago.

This will be almost six times higher than the previous year, and for the third consecutive quarter will surpass $ 1 billion.

Here's what Wall Street looks like:

EPS: $ 2.50 vs. 40 cents from last year.
Revenue: 53.41 billion against 37.96 billion from last year.
AWS earnings: 6 billion vs. 4.1 billion from last year.

Source: CNBC

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