Amazon on deck to report earnings after the bell with cloud, capex in focus - CNBC
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- Amazon is scheduled to report quarterly earnings after the closing bell, with CNBC flagging cloud performance and capital expenditure as the focal points for investors.
- Amazon beat estimates for quarterly cloud revenue growth according to Yahoo Finance, and the company posted its second-quarter results announcement to its investor relations site.
Why it matters: AWS cloud growth is Amazon's most-watched metric because it carries the bulk of operating profit and signals enterprise demand, while capex levels reveal how aggressively Amazon is building capacity relative to the hyperscaler peers referenced in the coverage.
