Amazon Inc. (AMZN) just released its first-quarter 2017 financial results, posting earnings of $1.48 per share and revenues of $35.7 billion.
Currently, AMZN is a Zacks Rank #3 (Hold), but this ranking could change based on today’s results. The stock is up 4.21% to $957.00 per share in trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $1.48 per share, smashing the Zacks Consensus Estimate of $1.03.
Beat revenue estimates. The company saw revenue figures of $35.714 billion, beating our consensus estimate of $35.390 billion.
Net sales increased 23% year-over-year, while operating income slipped 6% to $1.0 billion in the quarter.
AWS revenues were up to $3.661 billion in the quarter—an increase of 43% year-over-year on a constant currency basis.
Amazon expects second-quarter revenues to be between $35.25 billion and $37.75 billion, representing growth of 16% to 24%. Our current consensus estimate calls for revenues of $36.92 billion.
Amazon CEO Jeff Bezos chose to highlight his company’s recent growth in India in today’s report:
“Our India team is moving fast and delivering for customers and sellers. The team has increased Prime selection by 75% since launching the program nine months ago, increased fulfillment capacity for sellers by 26% already this year, announced 18 Indian Original TV series, and just last week introduced a Fire TV Stick optimized for Indian customers with integrated voice search in English and Hindi,” he said.
Here’s a graph that looks at Amazon’s latest earnings performance:
Amazon.com, Inc. Price, Consensus and EPS Surprise
Amazon.com, Inc. Price, Consensus and EPS Surprise | Amazon.com, Inc. Quote
Amazon.com, Inc. seeks to be the world's most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.
Check back later for our full analysis on Amazon’s earnings report!
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