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Amazon Q3 earnings updates: Analysts expect answers on AI progress and AWS as AMZN lags other Mag 7 stocks

Amazon CEO Andy JassyNoah Berger/Noah BergerAmazon is heading into its latest earnings report as the laggard of the Magnificent Seven this year, and investors are looking for some key updates that could spark new momentum.Specifically, Wall Street wants to know more about its AI ambitions and how it plans to position itself against stiff competition from other Big Tech players like Microsoft and Alphabet. AWS, retail margins, and any lingering concerns over the impact of tariffs will also be on investors' radar.The call with analysts is scheduled for 5 p.m. ET.Wall Street analysts estimate Amazon will report revenue of $177.8 billion and EPS of $1.58 for Q3Third QuarterNet sales estimate $177.82 billionOnline stores net sales estimate $66.93 billionPhysical Stores net sales estimate $5.56 billionThird-Party Seller Services net sales estimate $42.05 billionSubscription Services net sales estimate $12.49 billionAmazon Web Services net sales estimate $32.39 billionNorth America net sales estimate $104.96 billionInternational net sales estimate $40.77 billionThird-party seller services net sales excluding F/X estimate+10.8%Subscription services net sales excluding F/X estimate +10.7%Amazon Web Services net sales excluding F/X estimate +17.9%EPS estimate $1.58Operating income estimate $19.72 billionOperating margin estimate 11.1%North America operating margin estimate +6.98%International operating margin estimate 4.02%Fulfillment expense estimate $27.49 billionSeller unit mix estimate 60.7%Fourth QuarterNet sales estimate $208.45 billionOperating income estimate $23.78 billionCapital expenditure estimate $32.33 billionYearCapital expenditure estimate $118.76 billionSource: BloombergRead the original article on Business Insider

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