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Needham & Company Maintains a 'Hold' on Amazon.com (AMZN); Strong Q1, But Guidance Appears Weak

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April 27, 2012 7:44 AM EDT
Get Alerts AMZN Hot Sheet
Price: $179.54 --0%

Rating Summary:
    65 Buy, 5 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 14
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Needham & Company maintains a 'Hold' on Amazon.com (NASDAQ: AMZN).

Analyst, Kerry Rice, said, "Amazon reported significant 1Q12 upside, which could propel shares higher. However, guidance fell below expectations, particularly operating income, which may result in the first GAAP loss in many years. With no slow down in investments, the pending sales tax collection, and the coming slower summer months, we see limited upside from here."

Rice lowers FY12 EPS estimate from $1.47 to $0.75 and FY13 from $2.57 to $1.88.

For an analyst ratings summary and ratings history on Amazon.com click here. For more ratings news on Amazon.com click here.

Shares of Amazon.com closed at $195.99 yesterday.

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