Heading into Amazon’s (AMZN) second-quarter earnings today after the bell, it feels like the narrative has mostly been written already. All that remains to be seen is how far Amazon’s performance will deviate from the projected outlook.The Street expects Amazon to deliver a blockbusting topline gain on account of the coronavirus driven tailwinds. However, side by side with the bullish forecasts for strong sales, perceived wisdom dictates that profit margins will likely contract due to COVID related expenses.Raymond James analyst Aaron Kessler also expects Amazon to deliver, however, the 5-star analyst argues those expectations might already be reflected in the …read more
Source:: Yahoo Finance
