Amazon (AMZN) Reports Loss of 7.56 Per Share, Guidance Misses

(Updated - April 28, 2022 4:04 PM EDT)

Amazon (NASDAQ: AMZN) reported Q1 loss per share of $7.56, worse than the analyst estimate of a profit of $8.36. Revenue for the quarter came in at $116.4 billion versus the consensus estimate of $116.3 billion.

GUIDANCE:

Amazon sees Q2 2022 revenue of $116-121 billion, versus the consensus of $125.55 billion.

• Net sales are expected to be between $116.0 billion and $121.0 billion, or to grow between 3% and 7% compared with second quarter 2021. This guidance anticipates an unfavorable impact of approximately 200 basis points from foreign exchange rates.
• Operating income (loss) is expected to be between $(1.0) billion and $3.0 billion, compared with $7.7 billion in second quarter 2021.
• This guidance assumes that Prime Day occurs in third quarter 2022.
• This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.

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