Amazon CEO Jeff Bezos is no stranger to spending the company's cash if he believes it will help the business long term, and it's hard to argue with that strategy, given the share price performance over the past five years. Amazon shares have gained 332.53%, versus a 21.57% return for the Nasdaq.
Investors will also be looking for any mention of weakness in Europe. Amazon generates a healthy percentage of its revenue overseas, but with so many European countries mired in recession (Spain, Greece, Italy, U.K, to name a few), sales deceleration may put a black mark on the quarter.
J.P. Morgan analyst Doug Anmuth points to channel checks from ChannelAdvisor, comScore (SCOR), and earnings from eBay (EBAY) and Google (GOOG) as indications that U.S. e-commerce may in fact be accelerating, despite concerns over Europe.
"ChannelAdvisor data suggests a significant deceleration in Amazon's 1Q SSS
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