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<ul class="summary-list"><li>Ford's stock fell 6% in after-hours trading after lowering its profit forecast to $10 billion for 2024.</li><li>The guidance stems from high costs and low volumes of Ford Pro and Ford Blue models.</li></ul>Ford fell 6% in after-hours trading after the company said it was expecting profits at the lower end of its full-year earnings guidance.On Monday, the <a target="_blank" class="" href="https://www.businessinsider.com/meet-the-henry-ford-family-inside-automobile-dynasty-2024-8">US automaker </a>said it was expecting $10 billion in profit this year, a cut from its initial outlook of up to $12 billion. It said the guidance was hurt by costs and low volumes of its most profitable cars, Ford Pro and Ford Blue, due to supplier and hurricane-related disruptions."Clearly, our <a target="_blank" class="" href="https://www.businessinsider.com/western-auto-chiefs-industry-locked-in-darwinian-battle-with-china-2024-10">strategic advantages</a> are not falling to the bottom line the way they should," Ford's CEO Jim Farley said in an earnings call on Monday. "Costs, especially warranty, has held back our earnings power."The company posted third-quarter revenue of $46.2 billion, marking 5.5% year-on-year growth.Farley also emphasized Ford's strategy to compete with Chinese EV makers. He said that finding new designs for components or using new suppliers will be key to reducing EV costs.Companies like the Chinese brand BYD, Farley said, "have an incredible advantage on affordability of batteries.""So, we have to make that up, or our opportunity is on the EV component side, inverters, gearboxes, motors," he continued.Chinese EV makers have been on a roll this year. Despite concerns about <a target="_blank" rel="noopener" href="https://www.businessinsider.com/chinese-ev-companies-hit-with-new-tariffs-in-the-eu-2024-6">tariffs from the US and European Union,</a> sales for companies like BYD, Nio, and Zeekr were <a target="_blank" rel="noopener" href="https://www.businessinsider.com/tesla-newest-rival-in-china-is-teaching-a-tough-lesson-2024-4">boosted</a> by price cuts, the introduction of cheaper models, and Chinese EV <a target="_blank" rel="noopener" href="https://uk.finance.yahoo.com/news/zeekrs-sales-jump-chinese-dominate-070320106.html">demand from Russia</a>. Their performance has raised eyebrows at Tesla, which was <a target="_blank" rel="noopener" href="https://www.businessinsider.com/tesla-newest-rival-in-china-is-teaching-a-tough-lesson-2024-4">once dismissive of Chinese companies</a>.Ford's CEO is a big fan of Chinese EVs, too. In a podcast that aired last week, <a target="_blank" rel="" class="" href="https://www.businessinsider.com/ford-ceo-cfo-left-shocked-after-chinese-ev-test-drive-2024-9">Farley said</a> he doesn't want to give up the Xiaomi Speed Ultra 7 he's been driving for the past half year."We flew one from Shanghai to Chicago, and I've been driving it for six months now, and I don't want to give it up," Farley said about the car.China sales and exports make up over $600 million of the company's profit this year, Farley said on Monday's call.Ford's stock has fallen 6.7% this year.Its competitors in the American auto scene have seen wider changes: General Motors has risen 47% this year. Jeep and <a target="_blank" class="" href="https://www.businessinsider.com/stellantis-jeep-ceo-falling-sales-shrinking-profit-margins-dealers-strike-2024-10">Chrysler maker Stellantis</a> has seen a 41% rout during the same time period. Tesla was down 42% year to date in April and May this year, but has since pared losses. It is up 5.7% year to date after reporting third-quarter earnings last week.

Ford's stock drops 6% in after-hours trading after releasing third-quarter earnings

As the results season kicks in, the <keyword id="20097634" type="General" weightage="20" keywordseo="quarterly-earnings" source="keywords">quarterly earnings</keyword> numbers of several <keyword id="22405488" type="General" weightage="20" keywordseo="blue-chip-firms" source="keywords">blue-chip firms</keyword> — such as <keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> and Reliance Industries — along with <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="20223116" type="General" weightage="100" keywordseo="trading-activity" source="keywords">trading activity</keyword> of foreign investors, will determine <keyword id="22405487" type="General" weightage="20" keywordseo="equity-market-movement" source="keywords">equity market movement</keyword> in the holiday-shortened week ahead, according to analysts. The domestic <keyword id="22405489" type="General" weightage="20" keywordseo="WPI-inflation-data" source="keywords">WPI inflation data</keyword> for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, <keyword id="22194639" type="General" weightage="20" keywordseo="pre-Budget-discussions" source="keywords">pre-Budget discussions</keyword> are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The country is scheduled to announce its GDP and Industrial Production (IIP) numbers, Meena said. "Other global factors to watch include the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan," he added. Meanwhile, IT services company HCL Tech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. "On Monday, markets will react to India's inflation data. Key results this week include Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm, etc. Also globally, investors will take cues from China's GDP numbers, US core retail sales data, and ECB (European Central Bank) interest rate decision," Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, said. Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables, became dearer, according to government data released on Friday. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect stock-specific moves to gain traction due to the ongoing earnings season; indeed, IT will be in the limelight due to the good start to the earnings and outlook." In the week ahead, economic data like China GDP, EuroZone CPI inflation, ECB policy, and the US Fed chair speech will be watched by investors to get cues on market momentum, Nair added. On a weekly basis, the BSE benchmark jumped 522.74 points, or 0.65 per cent, while the Nifty climbed 178.3 points, or 0.73 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77 per cent, to settle at a record closing high of 24,502.15. Intra-day, it jumped 276.25 points, or 1.13 per cent, to hit a new lifetime peak of 24,592.20.

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

Indian companies across multiple sectors have reported disappointing results in the second quarter of fiscal year 2025, notes a new JM Financials report. Consequently, their poor performance has triggered stock price corrections for affected companies. The brunt of this weaker than expected earnings was largely borne by consumer centric sectors like FMCG (fast moving consumer goods), retail, and auto, which slacked largely due to dampened urban demand. For instance, India's largest automaker, Maruti Suzuki, reported a 5% YoY decline in its total domestic passenger vehicle wholesales, largely on the back of pent-up inventory. Similarly, Honda reported a staggering 23% YoY dip in its total sales during October 2024. A recent report by Bernstein noted that around 48% of the companies listed on the NSE100 index missed their earnings estimate for Q2FY25, the highest since March 2020. Most companies have mentioned deteriorated domestic demand, urban slowing, macroeconomic risk, and margin pressures as the main reasons behind the dip. "The quarter's earnings have made investors nervous," noted the JM Financials report. The challenging environment stems from multiple factors: softening consumer demand, rising input costs, and companies' limited ability to increase prices. Moreover, this is not limited to just one quarter. Companies have been reporting weak, single-digit earnings growth for the last six consecutive quarters. Data from India Data Hub also suggests that corporate profits of listed companies plunged by as much as 3.4% during the quarter ended September 30, 2024. This is in stark contrast to the year-ago period, where they had shot up by over 40% The oil and gas sector had a difficult quarter, with refiners hit by weak margins and city gas distributors struggling with higher input costs. Financial institutions showed mixed results. While government-owned banks reported strong numbers, microfinance institutions and some private lenders faced massive difficulties with their unsecured loans. Most notable amongst this was the case of IndusInd Bank, which saw its net profits dip by 40% amidst burgeoning provisions, which climbed 87% to Rs 1,820 crore in Q2, as against Rs 974 crore reported in the year-ago period. <h2>Markets head southwards</h2>The selling trend by FPIs has dragged down the major Indian indices, the Nifty 50 and Sensex, both of which have dropped by around 8% since the beginning of this selling spree in October. According to National Securities Depository Ltd. (NSDL) data, FPIs offloaded equities worth a significant Rs 19,994 crore in just the first five trading sessions of November last week. The impact is clearly visible on Indian stock markets. Data suggests that while every sector in October closed the month in red, auto, oil and gas, and consumer durables were the most badly hit, each declining by as much as 10% during the month. Another indicator underlining the inherent weakness of the market was that the month saw only 242 stocks hit their 52-week high, significantly below the usual monthly average of 310.

India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

<ul class="summary-list"><li>Bank of America says a jump in mentions of "bottom" in earnings calls is a positive sign.</li><li>Mentions of "weak demand" also fell to a two-year low. </li></ul>Executives have been dropping hints in third-quarter earnings calls that suggest corporate profits will surge in 2025, according to <a target="_blank" class="" href="https://markets.businessinsider.com/stocks/bac-stock">Bank of America.</a>Strategist Savita Subramanian highlighted in a Monday note that with more than one-third of <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> companies having reported results, mentions of the word "bottom" on earnings calls have surged."Companies have been operating in a weak demand environment for almost two years now due to the weakness in goods/manufacturing. But we see signs that the worst may be behind us," Subramanian said. Bank of America scanned the transcripts of third-quarter earnings calls and observed a 56% year-over-year increase in the word "bottom" being mentioned.On top of that, mentions of "weak demand" have dropped to two-year lows, a good sign for cyclical companies in the manufacturing economy."Historically, a jump in 'bottom' mentions has often marked an inflection in EPS," Subramanian said.Notable surges in the word "bottom" being mentioned on earnings calls in 2009 and 2020 were soon after marked by a more than 75% year-over-year surge in S&amp;P 500 quarterly earnings per share, according to the note.<div type="image" title="chart of S&amp;P 500 earnings" height="537" width="1207" msid="114741554" hostid="261" sizebytes="53224"></div>These signals suggest to Subramanian that manufacturing activity will pick up in the first half of next year as the Fed is likely to continue lowering interest rates and <a target="_blank" class="" href="https://www.businessinsider.com/market-impact-presidential-election-scenarios-trump-harris-stocks-bonds-crypto-2024-10">uncertainty about the Presidential election passes.</a>Subramanian said that the word "election" being mentioned on earnings calls has soared 62% compared to the 2020 election cycle, suggesting "a potential 'wait-and-see' investment approach given the uncertainty.""Interestingly, history suggests that investment activity typically accelerates post-election. We believe the election could be a clearing event for companies to unleash capex, especially with lower rates," Subramanian said.

A hint in 3rd-quarter earnings calls suggests S&P 500 corporate profits are about to boom, Bank of America says

Live updates: Amazon to report quarterly earnings today after market close

Live updates: Meta to report quarterly earnings today after market close

<ul class="summary-list"><li>Ford stock plunged Thursday as the automaker missed Wall Street's earnings estimates.</li><li>The downbeat quarter was driven by high warranty costs and a $1.14 billion loss in its EV division.</li></ul>Ford shares hit their lowest point since January after the carmaker's most recent earnings missed targets, sparking its steepest single-day loss since 2008. The company's shares tumbled over 18% as of 3:20 p.m. ET Thursday, trading at $11.23. On Wednesday's earnings call, the carmaker reiterated its full-year profit guidance. It exceeded revenue expectations with $47.8 billion, compared to estimates of $43.37 billion, per Bloomberg.However, earnings per share fell short, at $0.47 versus analyst estimates of $0.68.Driving the losses were warranty reserves the company set aside to address issues with its vehicles. Losses in the company's electric vehicle segment also weighed on profitability in the quarter. Ford saw a $1.14 billion loss in its EV business as<a target="_blank" href="https://www.businessinsider.com/electric-vehicle-misconceptions-about-the-ev-transition-market-sales-2024-5"> demand slows</a> in the market. Ford's CEO Jim Farley said the company is now transitioning toward smaller EVs as it realizes that, unlike drivers of its gas cars, who value bigger trucks, its EV customers prefer smaller models.For EVs, "the larger the vehicle, the bigger the battery, the more pressure on margin because customers will not pay a premium for those larger batteries," Farley told investors during Wednesday's earnings call.Farley acknowledged that EVs have challenged the company, but he remained optimistic."Overall, the EV journey has been humbling, but it has forced us to get even more fit as a company," Farley said, adding that it will pay off in the long run.

Ford plummets 18% after big 2nd-quarter earnings miss

Tesla earnings call live updates: Elon Musk's EV maker to report quarterly earnings today after market close

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/renting-airbnb-not-passive-wont-do-it-again-2024-7">Airbnb</a> reported earnings after the market closed on Thursday.</li><li>CEO Brian Chesky pointed to multiple growth areas for the company.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/category/airbnb">Airbnb</a>'s third-quarter earnings report showed that the company keeps growing — and that 2025 will be the year it breaks into a new business.The short-term rental platform grew revenue and bookings during the quarter that ended September 30, it said after the stock market closed on Thursday. Executives said they're lining up long-term growth with its co-host program and an expansion beyond accommodations.Here are the highlights from the earnings report:<h2 id="06331326-417d-467b-843c-62561752f50c">Airbnb's third-quarter revenue grew despite a slow start</h2>Airbnb's revenue for the quarter rose 10% to $3.73 billion. Analysts surveyed by Reuters expected revenue of $3.72 billion. Earnings per share of $2.13 missed analysts' estimates of $2.14.Nights and experiences booked jumped 8% to 122.8 million from the same period in 2023. Bookings were slow early in the quarter but picked up later, CEO Brian Chesky said on Thursday's earnings call.Shares of Airbnb were 4% lower at $141.55 in after-hours trading on Thursday.<h2 id="8864efa4-c78c-476c-a7cc-e3f4be22aebc">Airbnb wants to get more people to list properties using co-hosts</h2>In October, Airbnb started offering its hosts <a target="_blank" class="" href="https://news.airbnb.com/airbnb-2024-winter-release/">co-hosts</a>, or people who can help manage a property that's listed on Airbnb. The company launched its co-host network with about 10,000 people signed up for the role in 10 countries, Chesky said on the call.The goal, as Chesky said, is to make hosting on Airbnb less of a burden — and attract more hosts and properties to the platform. While many people are interested in listing their properties on Airbnb, many don't want to spend the time managing the property, the CEO said."That's why we asked ourselves, what if we could match people with homes that don't have time with people that have extra time but don't have homes?" Chesky said."Not only would this unlock more supply, I think in the coming years, this can unlock millions of listings," Chesky added.<h2 id="d263d6c5-cd68-4ad1-85bb-a25ad5cbd34c">Airbnb has plans for an AI chat assistant that will be able to cancel and rebook reservations for you</h2>Airbnb is rolling out an AI chat agent that can answer basic questions, Chesky said on Thursday's call. But the company sees opportunities for AI to do a lot more, he said.Chesky said that future versions of the chat agent will offer personalized options based on users' bookings. The result: An AI assistant that can see your upcoming reservation and cancel or rebook it for you.Eventually, the AI assistant could take care of most customer queries instead of traditional customer support agents, Chesky said. "We think, in the future, the vast majority of our chats are going to be intercepted and handled directly by the AI agent," Chesky said.<h2 id="7cf99a7d-08d7-4282-8d44-895e3d03acb0">Airbnb is planning to expand beyond short-term rentals next year</h2>Airbnb said in its press release that it will break into a new business next year, though the company didn't offer many details on Thursday."We'll remain focused on accelerating growth while preparing for Airbnb's next chapter, which will take us beyond accommodations," the press release read. "You'll see more on this next year."On the call, Chesky said that Airbnb's expansion would start "with the nearest adjacencies around travel" before going "far beyond travel" over the next decade. He declined to say exactly what Airbnb's plans are.Chesky compared the expansion to Amazon growing beyond its bookselling business by adding CDs, DVDs, and other consumer products in the late 1990s."What I expect is, every year now for the coming years, we will launch one-to-two new businesses that will generate a billion dollars or more of revenue incrementally a year," he said.Axel Springer, Insider Inc.'s parent company, is an investor in Airbnb.

The 4 most interesting things from Airbnb's earnings

<ul class="summary-list"><li>Alphabet, Google's parent company, reported its third-quarter earnings on Tuesday.</li><li>The company delivered beats on revenue, EPS, its advertising business, and Google Cloud revenue, which grew 35% year over year.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/google">Google's</a> parent company, Alphabet, released better-than-expected earnings results for the third quarter after the closing bell on Tuesday.Revenue from Google Cloud grew 35% year over year to $11.4 billion, bolstered by "accelerated growth" in the company's AI products, the company said.Here are the key numbers for the third quarter compared to analysts' expectations:<ul><li>Earnings per share: $2.12 vs. $1.83 expected</li><li>Revenue: $88.27 billion vs. $86.44 billion expected</li><li>Google Advertising: $65.9 billion vs. $65.5 billion</li><li>YouTube advertising revenue: $8.92 billion vs. $8.89 billion expected</li><li>Google Cloud revenue: $11.35 billion vs. $10.79 billion expected </li></ul>Source for analyst expectations: Bloomberg Alphabet and Google CEO Sundar Pichai said in the earnings release that "YouTube's total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time.""Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools," he added. "We generated strong revenue growth in the quarter, and our ongoing efforts to improve efficiency helped deliver improved margins."The search giant's earnings arrived less than three months after a <a target="_blank" class="" href="https://www.businessinsider.com/google-violated-antitrust-law-to-keep-search-monopoly-judge-rules-2024-8">federal judge ruled the company violated antitrust law</a> by illegally maintaining a search monopoly. Its multibillion-dollar-a-year search deal with Apple and other paid partnerships came under the microscope. A potential breakup hangs over the company's head, and a protracted legal fight is expected.The company in October also announced a major reorganization amid its growing AI efforts, moving the Gemini app team under the Google DeepMind team led by Demis Hassabis.Ahead of a 4:30 p.m. ET earnings call with analysts, Wall Street analysts are looking for updates on the company's massive AI investments, advertising business, subscriptions like YouTube TV and Premium, and how its popular search product is doing against increasing competition from AI startups like OpenAI and Perplexity."Google felt the heat from legal pressure this quarter," said Evelyn Mitchell-Wolf, an analyst at Emarketer, a sister company to Business Insider. "A federal judge ruled Google operates illegal monopolies in search; Google defended itself in court for another antitrust case against its ad tech business; and the clock is ticking on Google's temporary administrative stay for the remedies delivered in yet another antitrust case concerning its Play Store. But none of these will affect Google's earnings yet."This post is developing…

Google delivers a big earnings beat

<ul class="summary-list"><li>Amazon will report its second-quarter earnings after the market close on Thursday.</li><li>Investors expect solid growth in Amazon's AWS cloud unit, as well as its massive retail operations.</li></ul><a target="_blank" class="" href="https://markets.businessinsider.com/stocks/amzn-stock?miRedirects=1">Amazon</a> will report its second-quarter earnings results on Thursday after the market close, and all eyes are on the company's AWS cloud business.Wall Street expects the retail giant to report adjusted earnings per share of $1.47 in the quarter and revenue of $148.78 billion, according to data from Bloomberg.Top of mind for investors will be any commentary on Amazon's <a target="_blank" class="" href="https://www.businessinsider.com/guides/deals/amazon-prime-day">recent Prime Day sales event,</a> as well as the growth rate of its advertising business and whether its AWS cloud unit is still the leader in the space.Here's what Wall Street expects from Amazon's upcoming second-quarter earnings report.<h2 id="71b9d118-3642-43de-9f8b-b78edb7ce795">Bank of America: Amazon's retail unit is gaining share</h2>Bank of America expects Amazon to produce a solid earnings report on Thursday, with the bank expecting both a revenue and income beat, as well as faster-than-expected growth in its AWS cloud unit."Given beat in 1Q, new third-party fees, Prime ad ramp and limited fulfilment center square foot growth, we expect upside toward buyside expectations," Bank of America said in a recent note.The bank said the biggest risk for Amazon is its third-quarter profit margin guidance because Wall Street already has high expectations, and higher freight costs could serve as a headwind.While the US consumer is showing signs of softening, the bank expects Amazon's retail unit to be a beneficiary from the current economic environment."There are some signs of consumer softening, but we think Amazon is gaining share," Bank of America said.And while Amazon's stock multiple has expanded, the bank still sees upside potential."Given expanding retail margins with support from Prime ad growth, and expected AWS acceleration, we think the stock is still set up for multiple expansion in 2024," Bank of America said.Bank of America rates Amazon with a "Buy" and a $220 price target.<h2 id="1f27ebd5-97ff-4c14-b59d-f5d4fd18ba4d">Citi: 'Improving AWS demand and expanding profitability'</h2>Citi said Amazon is set to benefit from multiple tailwinds as demand for its AWS cloud services improves and it expands its profitability."Given GenAI tailwinds we believe AWS revenue growth likely accelerated in 2Q and based on improving efficiencies across Retail along with continued strong advertising demand, we believe OI is likely to be above the high-end of guidance," Citi said in a recent note.The bank said that while there are signs of a "more challenged" low-end consumer, Amazon's delivery improvements should result in solid retail sales."Faster delivery has improved conversion rates and our analysis of Prime Day suggests another successful event," Citi said.Here's what Citi will be looking for on Amazon's earnings call:"During earnings, we'll be listening for AWS demand, the results from the May Upfronts, Prime Video demand, and thoughts on its newly signed NBA streaming rights, international profitability, capex, and any insights on capital returns as margins ramp," Citi said.Citi rates Amazon with a "Buy" and a $245 price target.<h2 id="d91037a0-d1f4-4c4f-aa99-1358c5ae5a2b">Goldman Sachs: 3 key things to watch for in Amazon's Q2 earnings</h2>Goldman Sachs highlighted three key investor debates that will be ongoing as Amazon reports its second-quarter results.Those three things are:<ol><li>"The overall health of the consumer — Amazon's eCommerce business appears to have remained strong in Q2 based on a host of industry checks and data points intra quarter."</li><li>"The ability of Amazon to continue to produce Operating Income margin upside — a topic we delve into greater detail in the note and still see the potential for outperformance in 2025 driven by higher retail margins and a stronger contribution of advertising — we also maintain a positive long-term view on Intl margins and expect AWS profitability to remain robust."</li><li>"The trajectory of AWS revenue growth, where we continue to expect reacceleration through 2024 as prior headwinds around optimization and workload migration turn into tailwinds and AI workloads are a rising tailwind."</li></ol>Goldman Sachs rates Amazon with a "Buy" and a $250 price target.<h2 id="25293eb3-dbad-48be-aff3-6f1e2703c0a4">JPMorgan: 'Expect AWS acceleration'</h2>JPMorgan said in a recent note that investor discussions reveal the top areas of focus to be the potential for accelerated growth in Amazon's AWS cloud unit."Investor discussions focused on AWS acceleration, GenAI positioning, pace of North America OI margin expansion, health of the consumer, and magnitude of FCF and potential capital returns," JPMorgan said.The bank, which calls Amazon a "Best Idea," said investors are looking for Amazon to deliver between $148 billion and $150 billion in revenue, and AWS unit growth of 17% to 18% in the second quarter."We expect AWS acceleration and solid Stores growth, North America and International OI margin expansion, and improved cost discipline to support multi-year FCF ramp," JPMorgan said.JPMorgan rates Amazon with an "Overweight" and a $240 price target.<h2 id="c7010070-1cee-4415-ba82-dacf06e2bd1a">Bloomberg Intelligence: 'Double-digit sales gains may stay intact'</h2>Analysts at Bloomberg Intelligence expects Amazon's second-quarter sales to rise towards the high end of its 7% to 11% guidance range thanks to strong e-commerce sales, ongoing advertising gains and continued growth in Amazon's AWS cloud division."AWS sales, in constant currency, may meet consensus' high-teens view," Bloomberg Intelligence said.Amazon should also see some solid growth in its retail division, according to the note."On the retail side, the company's personal-shopping assistant Rufus and other gen-AI enhancements, coupled with third-party sales outpacing first party, are catalysts," Bloomberg Intelligence said.The analysts also said Amazon's advertising revenue could continue to grow at a "20%-plus pace as Amazon takes market share."

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