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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Oct. 16, 2013, 6:44 PM
    • Though EBAY saw stabilizing macro conditions in Europe and Asia-Pac during Q3, the U.S. e-commerce market "softened considerably" and hasn't rebounded yet in Q4, the company stated on its Q3 CC. The U.S. weakness, together with ramping investments, are blamed for eBay's below-consensus Q4 guidance.
    • A positive tone was generally struck regarding PayPal, whose merchant services transaction growth hit a 6-quarter high in Q3. Bill Me Later also fared well: transaction volume +30% to $1.01B, portfolio balance +37% to $2.56B. But there might be some concern about PayPal's take rate, which fell 9 bps Q/Q and 19 bps Y/Y to 3.94%.
    • 71% of Marketplaces transactions now involve fixed-price items, and 36% of new Q3 users came via mobile. Vehicles GMV (excluded from broader GMV metrics) fell 11% Y/Y, even with Q2.
    • The Enterprise division (formerly GSI) saw 5% Y/Y rev. growth to $238M; client same-store sales rose 13%.
    • EBAY -5% AH. AMZN -1.1%. Amazon obtained 60% of its Q2 sales from North America. Other firms with strong U.S. e-commerce exposure: OSTK, NILE, ECOM.
    • Q3 results, guidance/details, slides
    | 10 Comments
  • Oct. 16, 2013, 4:42 PM
    • EBAY expects Q4 revenue of $4.5B-$4.6B and EPS of $0.79-$0.81, below a consensus of $4.64B and $0.83. In a quote talking up eBay's Q3 numbers, CEO John Donahoe calls the macro environment "fairly lackluster." Back in July, European and Korean macro issues were blamed for eBay's below-consensus Q3 guidance.
    • Payments division (PayPal) growth remained strong in Q3: sales +19% Y/Y (to $1.62B) vs. +20% in Q2. Payment volume +25% (to $43.8B) vs. +24%, active accounts rose by 5M Q/Q to 137M (+17% Y/Y). Merchant services (non-eBay) transaction volume +30% Y/Y.
    • Marketplaces revenue +12% Y/Y (to $2.03B) vs. +10% in Q2; mobile provided a lift. GMV (exc. vehicles) +13%, even with Q2. U.S. GMV +15% vs. +16%, international +12% vs. +11%. Total listings topped 500M. Active users rose by 3.9M vs. 3.5M in Q2, +14% Y/Y and reaching 124M.
    • EBAY -4.2% AH. AMZN -1.2% in sympathy. CC at 5PM ET.
    • Q3 results, PR
    | 1 Comment
  • Jul. 25, 2013, 4:15 PM
    More on Amazon (AMZN): The company sees Q3 revenue of $14.45B-$17.15B vs. $16.98B consensus. In Q2 the operating margin fell to 0.5% after analysts expected 0.6% and Q1 came in at 0.8%. North America sales up 30% Y/Y and international sales rose 13%. Media sales gained 16% during the quarter while electronics and other general merchandise rose 31%. Free cash flow down 76% Y/Y to $265M. AMZN -2.1% AH.
    | 9 Comments
  • Jul. 25, 2013, 4:05 PM
    Amazon.com (AMZN): Q2 EPS of -$0.02 misses by $0.07. Revenue of $15.70B (+22% Y/Y) misses by $4M. Shares -2.4% AH. (PR)
    | 26 Comments
  • Jul. 25, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ACGL, AIR, AMZN, AWAY, BAS, BCOV, BLDR, BMRN , CB, CBG, CERN, CINF, CLF, CPSI,CPT, CRUS, CTCT, DECK, DLB, DOLE, DTLK, ECHO , ELY, EPR, EW, EXPE, FII, FLEX,FR, FSL, GILD, GPN, HLS, HTCH, IDTI, INAP , INFA, KBR, KEG, KLAC, LOGM, LSCC,MCK, MITK, MOH, MSCC, MXIM, N, NBIX, NEM , NR, NTGR, OLN, OUTR, PFG, QLGC,QLIK, RGC, RJET, RSG, SBUX, SPF, SWI, TCO , TGI, THRX, TPX, TSRO, TSYS, UHS,VRSN, WOOF, ZNGA
    | 2 Comments
  • Jul. 24, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ACGL, AIR, AMZN, AWAY, BAS, BCOV, BLDR, BMRN , CB, CBG, CERN, CINF, CLF, CPSI,CPT, CRUS, CTCT, DECK, DLB, DOLE, DTLK, ECHO , ELY, EPR, EW, EXPE, FII, FLEX,FR, FSL, GILD, GPN, HLS, HTCH, IDTI, INAP , INFA, KBR, KEG, KLAC, LOGM, LSCC,MCK, MITK, MOH, MSCC, MXIM, N, NBIX, NEM , NR, NTGR, OLN, OUTR, PFG, QLGC,QLIK, RGC, RJET, RSG, SBUX, SPF, SWI, TCO , TGI, THRX, TPX, TSRO, TSYS, UHS,VRSN, WOOF, ZNGA
    | Comment!
  • Jul. 17, 2013, 4:36 PM
    eBay (EBAY) is guiding for Q3 revenue of $3.85B-$3.95B and EPS of $0.61-$0.63, below a consensus of $3.97B and $0.65. 2013 guidance is for revenue of $16B-$16.5B and EPS of $2.70-$2.75 vs. a consensus of $16.3B and $2.75. The company says "macroeconomic headwinds in Europe and Korea will continue to be a challenge" in 2H. PayPal revenue +20% Y/Y in Q2, up from Q1's 18%. But Marketplaces revenue (exc. a tax gain) only +10%, down from Q1's +13%. Shares -5.5% AH. Amazon (AMZN) -0.7% in sympathy. CC at 5PM ET (webcast). (Q2 results) (slides) (PR)
    | Comment!
  • 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.
    | 12 Comments
  • 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)
    | 4 Comments
  • 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)
    | 2 Comments
  • 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)
    | 16 Comments
  • 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
    | Comment!
  • Apr. 24, 2013, 5:35 PM
    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
    | Comment!
  • Jan. 29, 2013, 6:34 PM
    More on Amazon: The Street is betting fulfillment spending growth (+36% Y/Y in Q4 to $2.26B) will slow in 2013: the CC featured questions about a slowdown, and whether having warehouses closer to consumers is lowering shipping costs. There was also a question about whether Amazon is letting 3rd-party sellers (40%+ unit growth) handle more low-margin sales. Amazon responded in part by noting sales of margin-compressing electronics were soft. Technology/content spending +56% Y/Y to $1.35B, thanks to AWS-related capex.
    | 8 Comments
  • Jan. 29, 2013, 6:16 PM
    Amazon (AMZN) now +9.3% AH in spite of its Q4 miss and light Q1 guidance. The earnings call (live blog) featured pointed questions about slowing paid unit growth (32% Y/Y vs 39% in Q3), but also positive comments about gross margin, which rose 340 bps Y/Y 24.1% (up from Q3's 180 bps increase). The fact 3rd-party sales accounted for 39% of paid units (up from 36% a year ago) helped, as did a 67% Y/Y increase in "Other" North American revenue (dominated by AWS) to $769M. Active customer accounts surpassed 200M (up from Q3's 188M). EBAY +0.7%.
    | 5 Comments
  • Jan. 29, 2013, 4:13 PM
    More on Amazon's (AMZN) Q4: The company swung back from its Q3 loss as North America sales rose 23% Y/Y to $12.175B and International sales gained 21% to reach $9.093B. Growth in the company's Electronics segment outpaced Media segment sales. Free cash flow decreased 81% to $395M for the trailing twelve month period compared to a year ago with real estate outlays factoring in. For Q1, the company sees $15.0B-$16.6B in revenue and expects profit to fall in a range of -$285M to $65M. A conference call is scheduled for 5:00 EST. AMZN changes direction, now  +3.2% AH. (PR)
    | 98 Comments
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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