Expectation of Amazon 2016 Q2 Earnings

In Q1 2016, Amazon’s net sales grew about 26.8% to $17.0 billion in North America. In terms of revenues, North America is its largest market. Till March 31, its net income reached to $513 million or $1.07 per share. Over the same period last year, the net loss was $57 million or $0.12 per share.

In Q2 2016, the company expects sales between $28.0 billion and $30.5 billion and net incomes between $375 million to $975 million. Wall Street analysts expect Amazon to report sales of roughly $28.3 billion and net incomes of $860 million in Q2. That compares to a 20% increases a year ago.

If Amazon achieves profitability in the next quarter, this e-commerce giant will hit its five consecutive quarters of record profits.