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Why Amazon.com Is Rising Today

TheMotleyFool

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Shares of Amazon.com (NASDAQ: AMZN) were up 1.9% in morning trading Thursday at 11:03 a.m. as the e-commerce giant prepares to release its first-quarter earnings report after the markets close.

Analysts are expecting double-digit growth from Amazon, with revenue forecast to hit $116.3 billion in the quarter, an 11.3% increase from last year, though profits are expected to tumble 48% to $8.36 per share.

Image source: Amazon.com.

Source Fool.com

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