Amazon.com beats by $0.07, beats on revs; guides Q3 revs in-line (59.62 +0.14)
Reports Q2 (Jun) earnings of $0.41 per share, $0.07 better than the Capital IQ Consensus Estimate of $0.34; revenues rose 50.8% year/year to $9.91 bln vs the $9.37 bln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $10.3-11.1 bln vs. $10.39 bln Capital IQ Consensus Estimate. Operating income is expected to be between $20 million and $170 million, or between 93% decline and 37% decline compared with third quarter 2010… Second quarter 2011 net income was positively impacted by equity-method investment activity of $15 million, including a $49 million gain on the sale of an equity position. “Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade… Kindle 3G with Special Offers has quickly become our bestselling Kindle at only $139. Customers love the convenience of a 3G reader — no hunting for or paying for Wi-Fi hotspots. Amazon picks up the tab for the 3G wireless, so you have no monthly payments or annual contracts.”
Joined Nov 11, 2007
31,929 Blog Posts
