Amazon.com (AMZN) Misses Q2 EPS, Sales Beat
Amazon.com (NASDAQ: AMZN) reported Q2 EPS of $0.40, versus the analyst estimate of $1.42. Revenue for the quarter came in at $38 billion versus the consensus estimate of $37.18 billion.
"Our teams remain heads-down and focused on customers,” said Jeff Bezos, Amazon founder and CEO. “In the last few months, we launched Echo Show (our newest Echo device with a video screen), introduced calling and messaging via Alexa on all Echo devices, debuted Inside Edge on Prime Video (the first of 18 Indian Original Series), introduced Amazon Channels in both the U.K. and Germany, launched four new Fire tablets, expanded Amazon Fresh to Germany, launched Prime Now in Singapore, launched our 25th airplane with Prime Air, hired more than 30,000 new employees, opened three new Amazon Books stores, launched more than 400 significant AWS features and services, migrated more than 7,000 databases using AWS Database Migration Service, and held our third annual Prime Day — signing up more Prime members than ever before. It’s energizing to invent on behalf of customers, and we continue to see many high-quality opportunities to invest.”
hird Quarter 2017 Guidance
- Net sales are expected to be between $39.25 billion and $41.75 billion, or to grow between 20% and 28% compared with third quarter 2016. This guidance anticipates an unfavorable impact of approximately $125 million or 40 basis points from foreign exchange rates. (*** consensus is $39.93 billion)
- Operating income (loss) is expected to be between $(400) million and $300 million, compared with $575 million in third quarter 2016.
- 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.