$AMZN Earnings Today: Will It Beat #TheStreet?

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Tech stock AMZN (Amazon) will report earnings after the market closes today.  The stock has pulled back from its opening price slightly as of 2:16PM EST on Thursday though the technology stock is still up about 1% since Wednesday’s closing price. Analysts are looking at one of the top tech stocks to see which one of its investments will become “the next golden goose”

 

“The 10-year ramp from zero to $10 billion has certainly been impressive, but we argue cloud adoption remains still in the early stages, with it accounting for less than 15 percent of overall IT spending annually,” wrote Pacific Crest’s Edward Yruma. “However, even decelerating growth rates of 40% to 50% later this year still represent some of the best growth in all of technology.”

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