Amazon.com (Nasdaq: AMZN ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Amazon.com met expectations on revenue and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Gross margins expanded, operating margins dropped, and net margins contracted.
Amazon.com booked revenue of $12.83 billion. The 37 analysts polled by S&P Capital IQ wanted to see revenue of $12.88 billion on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $9.91 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The 31 earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS of $0.01 for Q2 were 98% lower than the prior-year quarter's $0.41 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.1%, 200 basis points better than the prior-year quarter. Operating margin was 0.8%, 120 basis points worse than the prior-year quarter. Net margin was 0.1%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $14.10 billion. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $63.17 billion. The average EPS estimate is $1.10.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 5,246 members out of 6,528 rating the stock outperform, and 1,282 members rating it underperform. Among 1,648 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,385 give Amazon.com a green thumbs-up, and 263 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amazon.com is outperform, with an average price target of $255.82.
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