The stock declined 1.3 per cent to US$482.18 at the close in New York, leaving it up 55 per cent this year.
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“We expect some upside to consensus revenue estimates from growth in Prime revenues driven by additional media options, same-day fulfillment options, higher average Prime pricing, and continued strong growth in AWS revenue during the quarter”, he said. Sales of $23.2 billion, up 20% from last year, also topped expectations of $22.4 billion.
Amazon.com, Inc. (NASDAQ:AMZN) released its earnings report for its second fiscal quarter after closing bell tonight, posting earnings of 19 cents per share on revenue of $23.18 billion.
Boss Jeff Bezos listed Amazon‘s accomplishments over the past three months, including the launch of Prime Day, Amazon Business and Amazon Mexico, as well as the group’s 11 Emmy nominations for its original series, Transparent. Some believe the unit could operate on a stand-alone basis and, because of its growth, is a primary reason to invest in Amazon.
Visa’s earnings climbed 25% YoY to $1.7 billion ($0.69 per share) in 3QFY15, up from $1.36 billion (0.54 per share) in 3QFY14. On Thursday, Amazon’s market capitalization was $225 billion compared to Wal-Mart’s $236 billion.
The shares jumped 16.7pc to $562.9 in after-hours trading, giving the company a market cap of more than $261bn. The e-commerce giant reported ($0.12) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.12).
Amazon management offered third quarter guidance ranging from a loss of 0 million to million in profits.
Another bright spot came from North American sales of the company’s electronics and other general merchandise segment, a category that includes such items computers, toys and jewelry. In the same quarter last year, Amazon reported losses of 27 cents per share on revenue of $19.34 billion. Also, Director Alain Monie sold 3,000 shares of Amazon.com stock in a transaction that occurred on Friday, May 1st. He also enumerated some of the new products and services of the company including the Amazon Business, Prime free same day, AWS Educate and others.
Amazon considers Amazon Web Services a core engine of growth, along with Amazon Prime and Marketplace, where the company acts as a middleman for third-party vendors. Web services accounted for $391 million in second-quarter net income, more than 5 times the $77 million total in the first quarter. Amazon Prime, by comparison, costs an annual $99 and promises deliveries in two days or less.
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Amazon.com, Inc. using SYMBOL code NASDAQ:AMZN has had its stock rating noted as “Upgrade” with the recommendation being set at “MKT PERFORM >> MKT OUTPERFORM” this morning by analysts at JMP Securities.
