Amazon earnings, ECB meeting

Amazon.com, Inc.’s (NASDAQ:AMZN) cloud computing segment may be worth around $32 billion, according to a research note by analysts at Piper Jaffray. In the note released today, analysts at the firm estimated that revenues from Amazon Web Services (AWS) grew 44% during 2014, in spite of substantial price cuts. Piper Jaffray affirmed an Outperform rating on Amazon’s stock, while setting a price target of $400.

US equity futures and Asian shares are flat this morning with European shares treading water ahead of the ECB's policy meeting in which it’s expected to announce a tapering to its €60bn in monthly QE. On this busiest day of Q3 earnings season, companies set to report earnings include Alphabet, Microsoft, Amazon and Intel, while we also get data on jobless claims and wholesale inventories.

Social media stocks gained momentum and rose in regular trading. Yahoo’s stock price rose 4.28% before its earnings release, and Facebook’s rose due to optimism over its earnings to be released today after market close. Other internet and social media companies such as Google and Amazon are set to announce results tomorrow, and Twitter in first week of February.

NEW YORK (AP) — Amazon is Primed for success as the busy holiday season approaches.

Amazon.com, Inc. (AMZN) will report earnings results for 3QFY14 after markets close today. Analysts expect the company to report adjusted earnings per share (EPS) loss of 3 cents. At the start of the year, analysts’ estimated that the company will be able to post EPS of 90 cents, but they reduced their estimates over the course of the year. Amazon is also expected to report quarterly revenues of $20.85 billion, up 22% year-over-year (YoY).

Washington-based Amazon.com, Inc. (AMZN) is set to report its second-quarter earnings for its fiscal year 2014 (2QFY14, ended June 30, 2014) after markets close tomorrow. The stock gained $1.1, increasing 0.3% to close at $360.84 yesterday.

By Matt Schilling:Large public announcements seem to be the growing trend amongst tech giants these days. Yesterday, one of the most-well known tech companies made its presence known as a player in the tablet space. This morning, the second company I've highlighted not only announced earnings four days early, but surpassed estimates. That being said, these two tech companies have fallen under my watchful eye for Tuesday's trading session.

By David Streitfeld and Nick Wingfield SEATTLE: Amazon unveiled the financial performance of its powerful growth engine for the first time on Thursday, and the numbers sure looked pretty - especially compared with big companies like Microsoft and Google that are chasing it. While Amazon is primarily known as an online retailer, its revenue and its stock market returns for years have been energized by an entirely different kind of commerce: renting processing power to startups and, increasingly, established businesses.