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Amazon Goes Insane

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By Douglas A. McIntyre Published
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Amazon (AMZN) rallied into the close. Shares closed up over 2.7% at $38.70.

And, then the big online retailer beat. Revenue hit $3.99 billion compared to estimates of $3.78 billion. EPS hit $.23 compared to $.21 estimated by Reuters. Lazard was looking for even less, $3.75 billion.

AMZN said its next quarter should hit $2.85 billion to $3 billion compared to estimates of $2.77 billion. The company also guided higher than the consensus for its full year revenue.

According to the company International segment sales, representing the Company’s U.K., German, Japanese, French and Chinese sites, were $1.78 billion, up 37% from fourth quarter 2005. And Worldwide Electronics & Other General Merchandise grew 55% to $1.40 billion in fourth quarter 2006.

The market went insane over the numbers. With the company saying it is still growing over 25% a year, the stock rocketed over 5% at 4.10 PM eastern to $40.70.

What a tour de force.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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