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Zenger

Technology

Shanthi Rexaline

Amazon’s Q2 Results Awaited As Fund Manager Turns Bullish On Stock

Amazon Dan Niles AWS Shopify Inc e-commerce Microsoft

In this photo illustration, the Amazon logo is displayed on the screen of a smartphone. The e-commerce retailer is expected to report second-quarter earnings per share of $0.32, reversing from a loss of $0.20 a year ago. The top line, however, is expected to slip 1.4% year-over-year to $119.57 billion. Smaller rival Shopify, Inc. reported Wednesday better-than-expected second-quarter results and issued upbeat revenue guidance for the third quarter. SHELDON COOPER/SOPAIMAGES/GETTYIMAGES

E-commerce giant Amazon, Inc. is scheduled to report its second-quarter results Thursday after the market close.

What Happened: Ahead of the results, Dan Niles, founder and portfolio manager at Satori Fund said he is long on Amazon again.

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