Core Insights - Amazon is set to report its second-quarter results, with analysts expecting key revenue metrics to be closely monitored [1] - Concerns regarding tariffs and trade policies have previously impacted investor sentiment, but recent analyst reports suggest a more manageable geopolitical backdrop [4] Revenue Expectations - The core online stores unit is projected to generate $58.98 billion in sales, while seller services revenue is expected to reach $38.7 billion for the quarter [3] - Overall revenue is anticipated to be $161.94 billion, with Amazon Web Services contributing $30.8 billion and advertising revenue at $14.99 billion [5] Management Commentary - CEO Andy Jassy indicated that the company has not experienced a decline in demand due to tariffs and has implemented measures to maintain price stability [2] - Analysts from Deutsche Bank noted that the supportive US consumer environment and waning tariff concerns contribute to their optimism regarding Amazon's performance [4]

Core Insights - Affirm Holdings Inc experienced a significant decline in share price despite reporting fiscal third-quarter results that were broadly in line with expectations [1] - The company's gross merchandise value (GMV) reached $8.6 billion, representing a 36.5% increase, surpassing the consensus estimate of $8.2 billion [2] - Revenue for the quarter was reported at $783.1 million, up 35.9%, aligning with consensus expectations [3] Financial Performance - Affirm raised its fiscal fourth-quarter GMV outlook from a range of $9 billion to $9.3 billion to a new range of $9.4 billion to $9.7 billion, indicating strong execution and growth [4] - The revenue outlook for the fourth quarter was also increased from $810 million to $840 million to a new range of $815 million to $845 million [4] - Despite positive revenue and GMV growth, there were weaker-than-expected results in interest income and gain on sale revenue [3] Market Reaction - Following the earnings report, Affirm's shares fell by 13.71%, trading at $46.82 [4] - Analyst Kyle Peterson maintained a Hold rating on the stock, citing a lack of positive catalysts in the near term due to rising recessionary fears [4]