Amazon’s Earnings Obliterate Expectations Once Again

amazon-amzn-logoLate Thursday after the bell, retail superpower Amazon.com beat the stuffing out of earnings estimates and offered in-line guidance for the upcoming quarter.

The Seattle-based company posted Q2 earnings of $1.78 per share, easily besting Wall Street’s consensus estimate of $1.12. Revenue jumped 31% from last year to $30.4 billion, also beating analysts’ view for $29.57 billion.

Other highlights from the report included:

  • Operating income was $1.3 billion versus $900 million estimate.
  • North American sales rose 28% to $16.52 billion.
  • North American operating income surged +102% to $702 million.
  • International sales jumped 29% to $9.8 billion on an operating loss of -$135 million.
  • AWS sales rose 58% to $2.9 billion on 126% higher operating income of $718 mln.

Looking ahead, Amazon forecast Q3 revenue to range from $31.0 to $33.5 billion. Analysts are looking for $31.66 billion in revenue.

Amazon.com, Inc. (NASDAQ:AMZN) shares have gained about 11% year-to-date, and added another $16.56 (+2.20%) to $769.17 in after hours trading Thursday.

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