The company’s second quarter earnings came in with a loss of -$0.02 EPS and a 22% sales gain to $15.7 billion in revenue. That is versus $0.01 EPS and $12.83 billion a year ago, and the Thomson Reuters consensus estimates were $0.05 EPS and $15.73 billion in sales. Operating income decreased 26% to $79 million in the second quarter, compared with $107 million in second quarter 2012. The margin appears to be only 0.5% versus 1.1% one quarter ago.
Guidance was put between $15.45 and $17.15 billion in sales (up 12% to 24%) and its operating loss is expected to be between $440 million and $65 million, compared to $28 million in third quarter 2012. Thomson Reuters has the coming quarter at $0.09 EPS and $16.98 billion.
If you want to know just how high of a premium that Amazon trades at, the forward P/E ratios spell it out well enough. Amazon’s Thomson Reuters consensus estimates of $1.27 EPS for 2013 and $3.10 EPS for 2014 generate forward earnings multiples of nearly 240 for 2013 and about 98 for 2014.
Amazon shares closed up 1.5% at $303.40 on Thursday against a 52-week trading range of $214.95 to $309.39. The Thomson Reuters consensus analyst price target was just over $320 going into today’s earnings report. We saw that the initial stock reaction was down almost 5% and now we show that Amazon’s shares in the after-hours session are down about 2% at $297.50.
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