Amazon's operating profit is expected to be lower than analysts' forecasts, citing that tariffs may affect consumer spending.

Amazon's expected operating profit for the current quarter is below analysts' forecasts, indicating that tariffs and trade policies may lead to a reduction in consumer spending. The world's largest online retailer anticipates operating profit to be between $13 billion and $17.5 billion for the quarter, while analysts' average expectation is $17.8 billion. The company stated on Thursday that quarterly sales for the period ending in June are expected to be between $159 billion and $164 billion; analysts' average expectation is $161.4 billion. Due to investor concerns about the impact of Trump's tariff policies on the retail business, Amazon's stock price has fallen by about 13% so far this year. Investors are overall optimistic about the company's expansion efforts in artificial intelligence, but also worry that its significant expenditures on data centers may not significant sales growth in the short term.