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Amazon.com, Inc. (AMZN)

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  • May 9, 2013, 1:52 PM
    Amazon (AMZN +1.8%) is working on two smartphones - one of which has a 3D screen - and a music-streaming device, the WSJ reports. The 3D phone is said to feature eye-tracking tech that makes images "seem to float above the screen like a hologram," and might also allow users to "navigate through content using just their eyes." Sources cautioned there's no guarantee the devices, as well as an Amazon set-top (previous), will ever be sold. LG and others have experimented with 3D phones, but the devices failed to catch on. The Smart Scroll and Smart Pause features in Samsung's Galaxy S4 enable navigation via face movements.
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  • May 7, 2013, 9:19 PM
    Marissa Mayer (YHOO) held a preliminary talk with Hulu (DIS, CMCSA, NWS) execs about a bid for the video site, "numerous sources" tell Kara Swisher. Amazon (AMZN), Guggenheim Partners, and ex-News Corp. COO Peter Chermin (previous) are also said to be weighing bids. Yahoo was one of the companies offering to buy Hulu back in 2011, and with the French government having thwarted its Dailymotion bid, Hulu and its 4M+ premium subs might not be a bad backup plan. But much likely depends on the content rights Hulu's risk-averse old media owners are willing to give.
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  • May 7, 2013, 10:25 AM
    Amazon (AMZN -0.8%) sees a little bit of deceleration in its same-store sales as tracked by ChannelAdvisor. Though the company's 30.6% Y/Y gain outpaces the e-commerce category in general, the rate of sales growth stands below what the company recorded in January, February, and March.
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  • May 6, 2013, 8:29 AM
    Amazon (AMZN) launches an Android app store in China that will offer both free and paid apps to consumers in the nation. The timing by the company could be good with malicious apps in China from local sources a serious threat and Google not on the app scene yet. The big picture: Amazon has a long term strategy to entrench itself in the Chinese mobile phone market.
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  • May 6, 2013, 5:20 AM
    The Senate looks poised to approve a bill today that would force online merchants to collect sales tax on Internet transactions. However, the measure will probably hit greater opposition in the House, where the leadership appears to be ambivalent, with Speaker John Boehner taking no public position. Companies in favor include Wal-Mart (WMT) and Amazon (AMZN), while those against include News Corp (NWS) and eBay (EBAY).
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  • May 1, 2013, 7:09 PM
    IDC's Q1 tablet figures are even gaudier than Strategy Analytics'. the firm thinks shipments soared 142% Y/Y to 49.2M. Strategy estimates "only" 117% growth to 40.6M units. The main reason: IDC thinks Android (GOOG) shipments surged to 27.8M, giving them a 56.5% share; Strategy only estimates 17.6M. The iPad (AAPL) is estimated to have a 39.6% share, down from Q4's 43.6%. Samsung's (SSNLF.PK) share is believed to have risen to 17.9% from 15.1%, and Amazon's (AMZN) to have dropped to 3.7% from 11.5% (shipment timings are a likely factor). Whereas Strategy thinks 3M Windows 8/RT (MSFT) tablets were shipped, IDC estimates only 1.8M (1.6M Win. 8, 200K RT), with 900K involving Surface.
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  • May 1, 2013, 8:03 AM
    Amazon (AMZN) has opened its first office in Russia and is actively looking to hire employees for its Kindle business in the nation, according to TechCrunch. Russia is the largest Internet market in Europe and e-commerce there is forecast to rise to as much as $36B by 2015. AMZN +0.2% premarket.
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  • Apr. 30, 2013, 11:52 AM
    Windows Azure produced $1B+ in sales in the last 12 months and subscriptions are up 48% in the last 6 months, Microsoft (MSFT +0.8%) boasts. Though the sales figure is less than the $2B Amazon Web Services (AMZN) is believed to have pulled in last year (expected by Macquarie to hit $3.8B in 2013), it drives home the momentum behind Microsoft's cloud infrastructure/app development platform, popular with enterprises due to its hybrid cloud support and integration with Microsoft software. Forrester estimates 20% of firms relying on cloud services use Azure vs. 71% using AWS, but thinks Azure's share can hit 35% in a year. (ValueAct) (Office 365 sales)
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  • Apr. 29, 2013, 12:44 PM
    In addition to predicting new MacBooks will launch in June, KGI Securities thinks a $199-$249 iPad Mini will arrive later this year. If Apple's (AAPL)  track record is any guide, odds are it will discount the current Mini while launching a retina version. KGI's remarks come as Digitimes observes Acer/Asus are cutting prices for their 7" Android (GOOG) tablets well below $200; Reuters reported this month Google, which is expected to launch a next-gen Nexus 7 in July, is thinking of cutting prices as well. Amazon (AMZN), meanwhile, has suggested it won't lower the 7" Kindle Fire's price below a current $159. (Strategy Analytics data)
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  • Apr. 29, 2013, 12:05 PM
    Amazon's (AMZN -0.7%) German warehouse workers could soon be striking over basic pay and night shift supplements. Amazon, which employs ~9K people in Germany and just reported light Q1 international sales, has already seen workers in two cities vote to strike this month. Though no date has been set, a union rep says a labor stoppage could happen within weeks.
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  • Apr. 26, 2013, 5:12 PM
    Top Groupon (GRPN) rival LivingSocial says 50M customer accounts were hacked. Names, e-mail addresses, and encrypted passwords were accessed, but not credit card numbers. The breach comes shortly after Amazon (AMZN), which owns 29% of LivingSocial, provided more dispiriting financial data for the daily deals site in its Q1 10-Q. Though LivingSocial's revenue rose 23% Y/Y in Q1 to $135M, it also posted a $50M net loss. (2012 figures)
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  • Apr. 26, 2013, 1:29 PM
    Amazon (AMZN -6.9%) is giving back most of its 2013 gains as the Street decides a revenue miss and light profit guidance outweigh a still-improving gross margin. Slowing growth and a lack of profits for the international ops is a concern for many, even if forex is a factor - international media sales rose only 1% Y/Y, though other merchandise sales rose 28%. On the earnings call, management admitted (echoing eBay) "there is some [international] softness from a macro standpoint," while adding Amazon is investing heavily in China, Italy, and Spain. Nomura is staying bullish, touting the fact total growth is holding steady.
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  • Apr. 25, 2013, 7:28 PM
    Amazon's (AMZN) Q1 Y/Y paid unit growth was 30%, the company discloses in its CC; that's down from Q4's 32% and Q3's 39%, but still above rev. growth of 22%. 3rd-party sellers (some of them upset over fee hikes) made up 40% of unit sales vs. 39% in Q4 and 41% in Q3; they've been a major source of gross margin growth. Digital content sales growth slowed down, leading physical units to rise over 300 bps Y/Y as a % of total units. Forex expected to have a 275 bps impact on Q2 rev. growth. North America had a $457M op. profit in Q1, international a $16M op. loss. Active customer accounts rose to 209M+ from 200M+ in Q4.  AMZN now -3% AH. (Q1: I, II)
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  • Apr. 25, 2013, 4:31 PM
    More on Amazon: Gross margin +260 bps Y/Y to 26.6% (it rose 340 bps Y/Y in Q4 to 24.1%). North America sales growth up to 26% Y/Y in Q1 (23% in Q4), international down to +16% (21% in Q4), hurt by forex. 58/42 split between NA and international sales. Media sales +7% (+8% in Q4) and 31% of total, electronics/other merchandise +28% (same as Q4) and 64% of total. "Other" NA revenue (mostly AWS) +64% to $750M. Fulfillment spend +39% (+36% in Q4), marketing +32% (+43% in Q4), technology/content +46% (+56% in Q4) - all 3 rates are still soundly above rev. growth. Free cash flow for last 12 months is $1.58B (exc. HQ purchase). AMZN +2.2% AH. (PR)
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  • Apr. 25, 2013, 4:05 PM
    Amazon.com (AMZN): Q1 EPS of $0.18 beats by $0.09. Revenue of $16.07B (+22% Y/Y) misses by $90M. Expects Q2 revenue of $14.5B-$16.2B vs. $15.9B consensus. Expects Q2 operating income of -$340M to +$10M; EPS consensus is at $0.22. Shares +1.4% AH. CC at 5PM ET (webcast). (PR)
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  • Apr. 25, 2013, 12:10 AM
    Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN
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Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States