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Wall Street is bracing for Amazon's earnings guidance for the current quarter, as tariffs and slowing consumer demand create high uncertainty.

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The power generator and retailer said it had revised its earnings before interest, tax, depreciation, amortisation and financial instruments for the year down to $760 million from $820m.

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However, the company told markets this morning that it expects to report earnings before interest, tax, depreciation and amortisation (EBITDA) above the midpoint of its £605m-£625m guidance range.