Wall Street sees Amazon posting a decline in profit compared to last year when it reports second-quarter results Thursday, as the company continues to invest in new areas like video, hardware devices, and international expansion.

Amazon is expected to report second-quarter profit of $1.41 per share, down from the $1.78 per share reported a year ago, according to FactSet.

Revenue is expected to come in at $37.2 billion, up 22% from last year’s $30.4 billion. The company forecast revenue in the range of $35.25 billion to $37.75 billion.

These are the most important questions Amazon may have to address during the earnings call:

• Whole Foods: Amazon announced it was acquiring Whole Foods for $14 billion last month. Although it’s unlikely the company will discuss the deal, as it hasn’t closed yet, Amazon may have to explain the role of physical retail in its long-term plan. Amazon opened expanded its presence in brick-and-mortar bookstores and grocery stores in recent months, too.
• International: India remains a big focus for Amazon as it continues to invest in international expansion. Amazon’s deal to buy Souq.com, one of the biggest e-commerce shops in the Middle East, just recently closed, so there could be some questions about that as well.
• AWS: Wall Street expects AWS to report $4.08 billion in revenue, up 41% from the year-ago period. Although impressive, that growth would represent the eighth straight quarter of decelerating growth for AWS, a trend that could potentially slow Amazon’s overall growth plans.
• Trump: President Donald Trump continues to attack Amazon with antitrust and tax evasion accusations. And just yesterday, Treasury Secretary Steven Mnuchin raised questions by saying he does not “understand the consistency” of Amazon’s tax practices.

Source: Tech CNBC
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