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Amazon earnings: Revenue comes into focus in 2019

Tonya Garcia
Amazon earnings: Revenue comes into focus in 2019

Amazon.com Inc. is scheduled to report its first-quarter earnings on Thursday after the closing bell, and J.P. Morgan thinks 2019 will be all about revenue growth. “We look for Amazon to stabilize revenue growth more this year, which we believe is important as Amazon remains a growth story and it’s too early for the company to be in harvest mode,” analysts wrote. J.P. Morgan is bullish on Amazon’s (AMZN)  prospects, with U.S. e-commerce sales growing and Amazon’s hold on the cloud, with a 70%-plus share of market.