Amazon.com, Inc. (AMZN) Reports In-Line Q1 EPS, Sales Beat
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Goldman Sachs Comments on Amazon's (AMZN) Q1
April 25, 2014 8:56 AM EDTGoldman Sachs maintained a Buy rating on Amazon.com (NASDAQ: AMZN) with a price target of $430.00.
Analyst Heath P. Terry said, "Amazon reported 1Q revenue of $19.7bn (+22.8% yoy vs. +20.3% in 4Q), above our estimate of $19.6bn and consensus at $19.4bn. Adjusted operating income... More
Amazon (AMZN) Unit Growth Slowdown a 'Red Herring' But Spending Phase Ahead - Susquehanna
April 25, 2014 8:53 AM EDTSusquehanna analyst Brian Nowak trimmed his price target on Amazon.com (NASDAQ: AMZN) to $450.00 (from $465.00) following Q1 results but maintained a Positive rating on the name. The analyst said while they like the revenue and gross profit acceleration a spending phase is ahead.
The analyst said slowing unit growth may be a red herring. "Despite the top-line performance speeding up, the quarter wasn't without blemishes as 1Q paid unit growth slowed to 23% YoY (vs. us at 26% and the Street at 24%). We attribute this to multiple... More
Amazon (AMZN) Q1 'Mixed' - RBC Capital; PT Trimmed
April 25, 2014 6:59 AM EDTRBC Capital analyst Mark Mahaney trimmed its price target on Outperform-rated Amazon.com (NASDAQ: AMZN) to $400.00 (from $425.00) following Q1 results saying the company is stealing margin from the jaws of growth.
Mahaney noted Q1 results were mixed: "AMZN reported Q1 Rev of $19.7B, above RBC & Street, and near the high-end of company guide. Strength in EGM & Other more than offset weakness in Media. Gross Margin expanded 220 bps Y/Y to 28.8%, marking AMZNs highest Q1 since the 90s.... More
Amazon (AMZN) Q1 'Solid' - Evercore Partners
April 25, 2014 6:41 AM EDTEvercore Partners analyst Ken Sena reiterated an Overweight rating and $480 price target on Amazon.com (NASDAQ: AMZN) following solid Q1 results.
Sena commented, "Amazon delivered a solid first quarter result with gross profit of $5.7bn (+33%) a full 7% above our estimate. CSOI was also modestly better. However, further unit growth... More
