Amazon Q2 Earnings: Did Reopening Economies Hurt Sales?
Amazon (NASDAQ: AMZN) has been a quintessential beneficiary of the stay-at-home trend. Sales at the international e-commerce giant surged at the pandemic's onset and have remained elevated.
The company is scheduled to report second-quarter earnings on Thursday, July 29, after the market closes. However, this quarter will be the first for Amazon during the economic reopening. Nearly 4 billion doses of coronavirus vaccines have been administered worldwide, and that is allowing governments to ease business restrictions. Investors will be watching intently to see how the company performs as stay-at-home trends reverse.
Amazon is guiding investors to look for over $100 billion in second-quarter revenue. Image source: Getty Images.
Source Fool.com
