Amazon.com (NASDAQ: AMZN) posted earnings with net income at $0.48 EPS on net sales of $5.67 Billion. First Call had estimates pegged at $0.48 EPS and $5.37 billion in revenues. Interestingly enough, Amazon noted a $200 million currency benefit.
Bezos & Co. also offered guidance for next quarter of $155 to $200 million in operating income, up 7% to 38%; $3.95 billion and $4.15 billion in revenues, a gain of 31% to 38% year over year. Next quarter’s estimates are $0.35 EPS and $3.92 billion in revenues.
For 2008, Bezos offered up guidance of $785 to $985 million in operating income and $18.75 to $19.75 Billion in revenues; while the estimates for 2008 are $1.63 EPS and $18.25 billion in revenues.
Its shipping revenues also grew some 38% to $265 million. Outbound shipping costs totaled $449 million, up 42% from $317 million in Q4-2006. Net shipping cost was $184 million, or 3.2% of net sales.
Amazon.com also ended the year out with over $3 Billion in net cash and equivalents
Amazon.com shares closed up 0.35% at $74.21 in regular trading, and shares are down some 4% at $71.25 in after-hours trading.
Jon C. Ogg
January 30, 2008
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