Amazon.com, Inc. (NASDAQ: AMZN | AMZN Price Prediction) released second-quarter financial results after markets closed Thursday. The e-commerce empire said that it had $5.22 in earnings per share (EPS) and $63.4 billion in revenue, compared with consensus estimates that called for $5.57 in EPS and $62.48 billion in revenue. The same period from last year had $5.07 in EPS and $52.89 billion in revenue.
During the most recent quarter, Amazon Web Services (AWS) revenues increased 37.3% to $8.38 billion, up from $6.11 billion in the same period last year, with operating income of $2.12 billion.
In terms of its other segments Amazon reported:
- North American net sales increased 20.2% to $38.65 billion, with operating income of $1.56 billion.
- International sales increased 12.0% to $16.37 billion, with an operating loss of $601 million.
[nativounit]
As for guidance, the company expects to see net sales in the range of $66.0 billion to $70.0 billion, with operating income of $2.1 billion to $3.1 billion in the third quarter. The consensus estimates call for $6.64 in EPS on $67.27 billion in revenue for the quarter.
Jeff Bezos, Amazon founder and CEO, commented:
Customers are responding to Prime’s move to one-day delivery — we’ve received a lot of positive feedback and seen accelerating sales growth. Free one-day delivery is now available to Prime members on more than ten million items, and we’re just getting started. A big thank you to the team for continuing to make life easier for customers.
Shares of Amazon closed Thursday at $1,973.82, with a 52-week range of $1,307.00 to $2,050.50. The consensus analyst price target is $2,256.14. Following the announcement, the stock was down about 2% at $1,936.00 in the after-hours session.
[wallst_email_signup]
Top Gaining Stocks
Top Losing Stocks