PREVIEW: Amazon shares dip ahead of earnings; Wall Street expects Q3 EPS, revenue growth

Microsoft

Yesterday 18:47

** Shares in Amazon AMZN.O down 3.9% as technology investors on edge over AI investments ahead of its quarterly 
** Wall Street analysts estimate AMZN's Q3 adj EPS at $1.96 and revenue of $202.31 bln, according to LSEG-compiled data
** In the last 8 quarters, AMZN's EPS beat the Street six times with misses in Q1 2026, Q4 2025, while its revenue met or surpassed estimates every time
** Amazon is expected to report accelerating cloud growth but concerns over the cost of financing AI investments have been worrying technology investors broadly
** 17 of 64 analysts rate the stock "strong buy," 45 "buy," and 2 "hold"; AMZN last traded at $245.95 vs median PT of $327.50 as per LSEG-compiled data
** YTD AMZN up ~6% vs an 8.6% gain for the Dow .DJI and 1.7% decline for the S&P 500 Consumer Discretionary index .SPLRCD


 (Reporting by Sinead Carew, Saqib Iqbal Ahmed)
 ((sinead.carew@thomsonreuters.com))