Seeking Alpha, Inc. (AMZN)

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  • Feb. 1, 2012, 7:54 AM
    Goldman cuts its price target for Amazon to $182 from $190 following last night's earnings report. The bank's analysts cut their 2012 revenue forecast by $2B to $63.6B and GAAP operating margin to 0.3% vs. consensus 1.8%. While overall Kindle sales probably came in well below hopes for 13.9M units, Kindle Fire likely hit the bank's 6M target. AMZN -9.1% premarket.
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  • Jan. 31, 2012, 6:15 PM
    Mentioned during Amazon's Q4 earnings call: The company ended Q4 with 56,200 employees, up 67% Y/Y. 17 fulfillment centers built in 2011, raising total to 69. Plans to keep up its aggressive investment pace. Video game revenue fell Y/Y. Company willing to buy back stock "at the right value." Still no details on Kindle Fire sales. AMZN -8.7% AH. (live blog) (webcast)
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  • Jan. 31, 2012, 4:20 PM
    More on Amazon's Q4: North American sales +37% Y/Y (44% in Q3). International sales +31% (44% in Q3). Merchandise sales +48%, media sales +15%. Operating cash flow was $4.27B ($3.48B in year-ago period). Kindle device unit sales +177% Y/Y. (no specifics on Kindle Fire) Operating margin was 1.4%, down from 3.8% in year-ago period. AMZN -8.1% AH. (PR)
  • Jan. 31, 2012, 4:07 PM (AMZN) Q4 EPS of $0.38 beats by $0.19. Revenue of $17.43B (+35% Y/Y) misses by $780M. Expects Q1 revenue of $12B-$13.4B, largely below $13.4B consensus. Expects operating income of -$200M to $100M. Shares -8.5% AH. (PR)
  • Jan. 31, 2012, 8:34 AM
    BSkyB (BSYBY.PK) plans to start a new movie service that will directly challenge the rise of Netflix (NFLX) and Amazon (AMZN) in the U.K. The firm hopes to reverse its declining market share by offering movies over the Internet, as well as distribute additional content on mobile phones and games consoles. Shares of BSYBY.PK +3.6% in London trading.
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  • Jan. 18, 2012, 10:58 AM
    Amazon's (AMZN +2.4%) Kindle Fire might be more profitable than expected, RBC Capital believes, seeing 3M-4M sales accretive to operating margins within the first six months of ownership. RBC's analysis assigns a cumulative lifetime operating income of $136/unit at a 20%-plus operating margin, which "could ease some investor concerns around operating margin compression."
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  • Jan. 9, 2012, 10:13 AM
    Akamai (AKAM -1.8%) shares sink after Citigroup lowers its rating to Sell from Neutral, citing valuation after an "overly aggressive" stock price reaction to last month's purchase of Cotendo and greater competition from Amazon's (AMZN) CloudFront CDN business. On the Cotendo deal, it is “not clear that Cotendo will provide Akamai material new products of market opportunities."
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  • Jan. 9, 2012, 9:45 AM
    Netflix (NFLX +2.9%) continues its recent rally after announcing the launch of its streaming service for the U.K. and Ireland. The company is offering the service for £5.99/month in the U.K and €6.99/month in Ireland, and has established a long list of content partners. However, concerns exist about Netflix's licensing costs, as well as competition from Amazon's (AMZN) Lovefilm subsidiary.
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  • Dec. 29, 2011, 9:18 AM
    Amazon (AMZN) proclaims 2011 "the best holiday ever for the Kindle family," with sales of more than 1M of the devices/week throughout December, led by the new "Fire." The company also notes the success of its Direct Publishing program, with the #1 and #4 best-sellers on Kindle both published independently by their authors. Shares -2.7% premarket as Heather Bellini warns on the company's Q4 revenue.
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  • Dec. 29, 2011, 9:00 AM
    Premarket gainers: ARMH +1%. YHOO +1%. SNE +1%. BHP +1%.
    Losers: MOS -3%. ING -3%. AMZN -2%.
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  • Dec. 20, 2011, 6:11 PM
    Research In Motion (RIMM) +7.2% AH after Reuters reports the company turned down takeover overtures from Amazon (AMZN) and other potential buyers because it prefers to fix its problems on its own. Amazon reportedly hired an investment bank this summer to review a potential merger with RIM, but it didn't make a formal offer.
  • Dec. 12, 2011, 3:18 PM
    Consumers critical of Amazon's (AMZN -2.1%) Kindle Fire - complaining, for example, that there is no external volume control and the off switch is easy to hit by accident - compel NYT's David Streitfeld to compare the tablet to the Edsel. Hyperbole, perhaps - was the Edsel no. 2 in sales of U.S. autos at its launch? - but Amazon says it will release a software update within two weeks.
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  • Dec. 12, 2011, 10:43 AM
    Netflix (NFLX +7.3%) is soaring on market chatter of Amazon (AMZN) and/or Verizon (VZ) making a play for the company. "I doubt it," tweets one of Seeking Alpha's Netflix watchers, Rocco Pendola.
  • Dec. 1, 2011, 12:40 PM
    That little spike down from $198 to $195 in Amazon (AMZN) a few minutes ago? Benzinga - citing the WSJ - says Google (GOOG) is working on a same-day delivery system for online purchases, and is speaking to retailers about the design. AMZN shares are now at $196.15, +2%.
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  • Dec. 1, 2011, 11:29 AM
    As Barnes & Noble (BKS -19.2%) crashes on account of weak FQ2 results and FY12 guidance, Best Buy provides another piece of discouraging data for the company: the Nook Tablet is only the 8th-best-selling tablet on Best Buy's site, 7 spots below the top-ranked Kindle Fire (AMZN). The iPad (AAPL) is likely the most popular tablet overall, given that over a dozen models are listed.
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  • Dec. 1, 2011, 10:27 AM
    Shares of Barnes & Noble (BKS -12.5%) get hammered in early trading after the firm misses consensus EPS estimates badly and says it expects full-year earnings to fall in the lower end of its previously issued guidance. The company says it will increase its spend on marketing and advertising for its Nook business - cutting into margins already razor-thin with rival Amazon (AMZN +2.2%) willing to sell e-readers at a loss (I, II).
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Company Description 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