Amazon Poised for Earnings Beat as Analysts Raise Estimates

Amazon earnings expectations are high for Thursday. After all, analysts raising estimates right before earnings is usually a good indicator of some favorable trends underneath the surface for Amazon's quarterly report. The online retailer's venture into new segments including cloud computing services and devices will boost its digital media sales, which is what investors will be watching. Analysts are estimating earnings per share of $0.23 on revenues of $19.43 billion.