Amazon.com
has reported earnings about 100 instances because it went public in 1997. Every a type of quarterly experiences has proven a rising firm, regardless of loads of ups and downs within the financial system—and the web. Amazon’s worst quarter got here in September 2001, when the web bubble was blowing aside. Even then, income grew barely from a 12 months earlier. Now, although, Amazon’s streak could also be coming to an finish.
When Amazon (ticker: AMZN) experiences second-quarter earnings on July 28, Wall Street analysts count on income development of simply 5%. That’s a tepid quantity by Amazon requirements, and if issues are simply barely worse than anticipated, income may truly decline. It could be a telling second, with Amazon dealing with its biggest set of challenges since founder Jeff Bezos started promoting books out of his home virtually 30 years in the past.