logo
  Join        Login             Stock Quote

Amazon.Com (AMZN) 1Q Earnings, Sales Surpass Expectations; Shares Jump

 April 26, 2012 04:39 PM
 


(By Balachander) Online retail giant Amazon.com Inc. (NASDAQ:AMZN) reported stronger-than-forecast quarterly earnings, helped by 34 percent jump in revenue, and its shares gained 9.2 percent in extended trading on Thursday.

EPS were 28 cents per share for the first quarter, down 36 percent from 44 cents a share in the year-ago quarter, yet coming in better than analysts' expectations of 7 cents.

Sales soared 34 percent to $13.2 billion, topping market expectations of $12.9 billion.

Operating expenses jumped 36 percent to $12.9 billion.

Sales at the company's North America segment surged 36 percent, and International segment sales soared 31 percent. Worldwide Media sales advanced 19 percent Electronics and other General Merchandise sales climbed 43 percent.

[Related -Level Watching and Swing Trade Planning for Amazon (AMZN)]

Looking ahead for the second quarter, the company guided sales between $11.9 billion and $13.3 billion, while analysts expect $12.82 billion. The forecast represents a growth between 20 percent and 34 percent from the year-ago period.

The stock, which has been trading between $166.97 and $246.71 over the past year, ended Thursday's regular trading at $195.99.

 

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageOld Bank's New Breakout has Big Rally Potential

One of my favorite things to see in a long candidate is a pattern of beating Wall Street's earnings read on...

article imageIs The Stock Market's 5-Year Return A Useful Proxy For Valuation?

Tobin’s Q, a market-valuation metric, is back in the news, in part thanks to a widely read Bloomberg read on...

article image4 Dogs To Sell Immediately

Despite the chorus of analysts and investors calling for the long-awaited correction, the market is showing read on...

article imageThe Fed's Magical Mystery Tour

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.