Amazon.com Inc. is scheduled to report its first-quarter results Thursday after the market closes. The online retailer has been a strong performer despite the gloomy economy, and analysts expect the company to have shone once again in the first three months of the year.
Analysts polled by Thomson Reuters expect a profit of about 61 cents per share on $6.87 billion in revenue. Amazon forecast $6.45 billion to $7.0 billion in first-quarter revenue earlier this year.
Amazon earned 41 cents per share on $4.89 billion in revenue in the year-ago quarter.
In a recent client note, FBR Capital Markets analyst Heath Terry predicted that its results will be slightly higher than Wall Street estimates, helped by shoppers spending an increasing amount of money online.
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