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Amazon Rises 2.5% in Pre-Market Trading Ahead of Q2 Earnings, AWS Growth Becomes Key Focus

On July 30, Amazon (AMZN.US) rose 2.5% in pre-market trading. In terms of news, Amazon is set to release its second-quarter results after the U.S. market closes on July 30 (Beijing time July 31). The market generally expects a strong performance for the quarter. Analysts forecast revenue of approximately $196.9 billion, up 17% year-over-year, and earnings per share (EPS) of $1.82, up about 37.76% year-over-year. Solid earnings recovery serves as a key foundation for the stock price. Whether its cloud computing business (AWS) can accelerate growth is the biggest highlight of this earnings report and is also seen as a critical factor affecting the stock price.

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