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Retail

Amazon.com…. Earnings Disappointment (AMZN)

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By Douglas A. McIntyre Updated Published
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AMZN LogoOnline retail giant Amazon.com Inc. (NASDAQ: AMZN) just reported earnings of $0.32 EPS and revenues of $4.65 billion, Thomson Reuters had estimates for Bezos & Friends pegged at $0.32 EPS (rounded up) on $4.69 billion in revenues.  Its operating income was $159 million for the quarter.

We had some last minute whisper numbers that were closer to $0.36 and $4.8 billion.  This news from the company flies directly against every indication we had seen in trading activity today.

As far as guidance, the company is targeting a range of $120 million to $210 million for operating income and $4.75 billion to $5.25 billion in revenues.   Thomson Reuters had estimates pegged at $0.32 EPS and $4.92 billion in revenues.

Amazon closed up unofficially by 5.7% at $93.87, a 52-week high.  We said that the trading reaction would be more than a disappointment if Amazon did not post a blow-out quarter, and that is exactly what we are seeing in the after-hours session. Shares are trading around $88.75 in the early after-hours trading session.

JON C. OGG

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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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