Amazon (AMZN) Misses Q2 EPS by 33c, Offers Guidance

Amazon (NASDAQ: AMZN) reported Q2 EPS of ($0.20), $0.33 worse than the analyst estimate of $0.13. Revenue for the quarter came in at $121.2 billion versus the consensus estimate of $119.18 billion.

GUIDANCE:

Amazon sees Q3 2022 revenue of $125-130 billion, versus the consensus of $126.4 billion.

• Net sales are expected to be between $125.0 billion and $130.0 billion, or to grow between 13% and 17% compared with third quarter 2021. This guidance anticipates an unfavorable impact of approximately 390 basis points from foreign exchange rates.
• Operating income is expected to be between $0 and $3.5 billion, compared with $4.9 billion in third quarter 2021.
• This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.

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

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