Stock Market Watch

Amazon Reports Q1 Results (AMZN)

by ·


AMAZON.COMInternet retailer Amazon.com Inc. (NASDAQ: AMZN) announced its fiscal first quarter earnings after-market close on Thursday that surpassed Wall Street Estimations, sending the company’s shares sharply higher in trading today.

Excluding one-time items, AMZN’s first quarter earnings stood at 28 cents, down from 44 cents in the same period last year.


While net income came at $130 million, or 28 cents per share, down from $201 million or 44 cents per share a year earlier, the operating income slid to $192 million, from $322 million a year earlier.

Meanwhile, revenue soared 34 percent to $13.2 billion, from $9.86 billion a year ago.

According to a poll conducted by Thomson Reuters, analysts were expecting earnings of 7 cents a share after excluding items on revenue of $12.90 billion.

Commenting over the results, Ken Sena, an analyst at Evercore Partners, said to CNBC, “I think the margins have a long way to go, but I think at least to see them moving in the right direction is an encouraging sign.”

Looking ahead at the second quarter, the company expects its net sales to be between $11.9 billion and $13.3 billion, an increase of between 20 percent and 34 percent compared with the second quarter in 2011.

At last check, Amazon’s shares were trading at $ 222.44, gaining almost 14% over the previous close.

Amazon is an online retailer focusing on four different customer segments, which include consumers, sellers, enterprises and content creators. Amazon also manufactures and sells the Kindle devices.

More Posts by this author

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


Tags:

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

You may also like...