Amazon, Intel, Coinbase, and Reddit are scheduled to release their quarterly earnings reports after the market closes today. This session is part of a busy earnings period with over 300 companies reporting.
Investors are focused on Amazon, specifically its cloud division, AWS. Analysts project AWS revenue to reach $45.7 billion, a 38% year-over-year increase. Overall, Amazon is expected to report revenue of approximately $202 billion, reflecting 12% growth, with earnings per share between $1.96 and $1.97.
Intel is expected to report revenue of approximately $16.5 billion, representing 21% growth, with earnings per share around $0.40. Coinbase is projected to report revenue between $1.22 billion and $1.24 billion, with non-GAAP earnings per share near breakeven.
Market participants are monitoring these results to gauge the health of the tech sector and cloud spending following recent reports from Alphabet and Microsoft. Reddit is also expected to report third-quarter results, focusing on user engagement and revenue growth.
