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  • Amazon Jumps On Earnings Report 0 comments
    Jan 29, 2013 5:23 PM | about stocks: AMZN

    Amazon (NASDAQ:AMZN) reported Q4 EPS of $0.21, $0.06 worse than the analyst estimate of $0.27. While, revenue for the quarter rose 22$ to $21.27 billion versus the consensus estimate of $22.27 billion. Shares are up 11% at $290 AMC.

    Positive Catalysts in Report

    1. Operating income was reported up 56% year-over-year - above high end of guidance
    2. Jeff Bezos, founder and CEO of Amazon.com commented that "We're now seeing the transition we've been expecting. After 5 years, eBooks is a multi-billion dollar category for us and growing fast - up approximately 70% last year. In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We're excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection."
    3. Net sales increased 27% to $61.09 billion, compared with $48.08 billion in 2011. Excluding the $854 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales grew 29% compared with 2011.

    First Quarter 2013 Guidance

    Net sales are expected to be between $15.0 billion and $16.6 billion, or to grow between 14% and 26% compared with first quarter 2012. which is slightly below expectations according to Street Insider.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

    Themes: earnings Stocks: AMZN
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