Amazon is rallying ahead of its earnings (AMZN)

Amazon is up 1.2% at $842.09 per share on Thursday ahead of its fourth-quarter earnings results, which will be released after markets close.The online retail giantis expected to reportmuch stronger earnings and sales following a record holiday season for online sales.Among the top-selling devices were the companys own Alexa-powered smart devices, such as Echo Dot and Amazon Echo.Here are Wall Street's expectations compiled by Bloomberg:Earnings-per-share (EPS): $1.36Revenue: $44.67 billionIn other news, Amazon continues to expand from its traditional e-commerce business.Amazon is building its first air cargo hubfor $1.49 billion inanother move to build out its logistics operations.The company alsoannounced it isexpanding into the auto parts market. Amazon has struck deals with several of the largest auto parts suppliers in the US to sell their products directly through Amazon, the New York Post reported. Earlier this month, Amazon receivedanOscar nomination for best picture,thanks to its indie drama,"Manchester by the Sea,"starring Casey Affleck and Michelle Williams.SEE ALSO:Amazon gains after Oscar nominationJoin the conversation about this storyNOW WATCH: Here's how to use one of the many apps to buy and trade bitcoin
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