Amazon.com (AMZN) Tops Q2 EPS by 67c

Amazon.com (NASDAQ: AMZN) reported Q2 EPS of $1.78, $0.67 better than the analyst estimate of $1.11. Revenue for the quarter came in at $30.4 billion versus the consensus estimate of $29.55 billion.

Operating cash flow increased 42% to $12.7 billion for the trailing twelve months, compared with $9.0 billion for the trailing twelve months ended June 30, 2015. Free cash flow increased to $7.3 billion for the trailing twelve months, compared with $4.4 billion for the trailing twelve months ended June 30, 2015. Free cash flow less lease principal repayments increased to $3.9 billion for the trailing twelve months, compared with $2.4 billion for the trailing twelve months ended June 30, 2015. Free cash flow less finance lease principal repayments and assets acquired under capital leases increased to $2.5 billion for the trailing twelve months, compared with an outflow of $492 million for the trailing twelve months ended June 30, 2015.

“It’s been a busy few months for Amazon around the world, and particularly in India — where we launched a new AWS Region, introduced Prime with unlimited free shipping, and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies — including original content featuring top Indian creators and talent,” said Jeff Bezos, founder and CEO of Amazon.com. “The team in India is inventing at a torrid pace, and we’re very grateful to our Indian customers for their welcoming respons

Third Quarter 2016 Guidance

• Net sales are expected to be between $31.0 billion and $33.5 billion, or to grow between 22% and 32% compared with third quarter 2015 (CONSENSUS IS $31.6B).
• Operating income is expected to be between $50 million and $650 million, compared with $406 million in third quarter 2015.
• This guidance assumes, among other things, that no additional business acquisitions, investments, restructurings, or legal settlements are concluded.

For earnings history and earnings-related data on Amazon.com (AMZN) click here.

You May Also Be Interested In

• Tesla touts acceleration of new models, but Q1 results fall short of estimates
• Range Resources (RRC) Tops Q1 EPS by 11c; offers production guidance
• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise