Seeking Alpha, Inc. (AMZN)

  • 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.
    | Apr. 26, 2013, 1:29 PM | 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)
    | Apr. 25, 2013, 7:28 PM | 4 Comments
  • Apr. 25, 2013, 4:05 PM (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)
    | Apr. 25, 2013, 4:05 PM | 16 Comments
  • Apr. 18, 2013, 2:12 PM
    eBay's revenue miss and light Q2 guidance are taking a toll on Amazon (AMZN -3.6%), which delivers its own Q2 report in 7 days. eBay's earnings call remarks about European weakness probably aren't going over well either, given Amazon's strong exposure to the continent. Yesterday, Nomura raised its PT on Amazon to $315 from $300, albeit while respectively cutting its 2013 and 2014 EPS estimates to $1.67 and $3.44. The firm is now modeling higher D&A (heavily tied to AWS capex) and fulfillment expenses, but also higher revenue and gross margin.
    | Apr. 18, 2013, 2:12 PM | Comment!
  • Apr. 2, 2013, 10:24 AM
    Groupon (GRPN -6.9%) "has a largely unproven business model, a wide ranging global business mix in transformation, and is undergoing a management change," writes UBS' Eric Sheridan. The daily deals leader is the only company given a Sell rating in a coverage launch for Internet stocks. Google (GOOG +0.6%), eBay (EBAY +1.1%), Yahoo (YHOO +1.2%), AOL (AOL +0.7%), Yelp (YELP +2.4%), and InterActiveCorp (IACI +2.1%) have been started at Buy, and Amazon (AMZN +0.4%), Facebook (FB +1.3%), LinkedIn (LNKD -0.2%), and Zynga (ZNGA +0.3%) at Neutral.
    | Apr. 2, 2013, 10:24 AM | Comment!
  • Mar. 12, 2013, 10:42 AM
    While eBay slumps in the wake of ChannelAdvisor's Feb. data, Amazon (AMZN +1.5%) is doing the opposite. Same-store sales for ChannelAdvisor clients using Amazon rose 30.8% Y/Y in February, or 34.8% when normalized for the 2012 leap year. That compares with 34.3% growth in January, and indicates Amazon's 3rd-party sales (39% of Q4 paid units) remain healthy.  Google (GOOG -1.1%) saw mixed results: Google Shopping's same-store growth fell to a normalized 4.5% from January's 7.9%, but search e-commerce growth rose to a normalized 4.9% from a prior -1%.
    | Mar. 12, 2013, 10:42 AM | Comment!
  • Mar. 5, 2013, 1:02 PM
    Millennial Media (MM -4.8%) makes fresh post-IPO lows after Needham launches coverage with a Hold. While expecting Millennial to "continue to experience exceptionally strong growth over the next few years," the firm sees "emerging competition" limiting upside to current estimates. The report comes as one of those emerging rivals, Amazon (AMZN), rolls out a mobile ad API for Android apps offered in its Appstore. Amazon is already selling Kindle lock screen ads, and has reportedly considered making a mobile ad acquisition.
    | Mar. 5, 2013, 1:02 PM | Comment!
  • Feb. 25, 2013, 10:50 AM
    Nook hardware: down and perhaps soon out. While Barnes & Noble (BKS +8.4%) jumps thanks to chairman Leonard Riggio's retail buyout offer, the NYT reports B&N's poor holiday season sales have led execs to believe "the company must move away" from hardware development in favor of content licensing. "They are not completely getting out of the hardware business, but they are going to lean a lot more on the comprehensive digital catalog of content," says a source. Amazon (AMZN +0.1%), which has been taking e-reader share from B&N, stands to benefit.
    | Feb. 25, 2013, 10:50 AM | 1 Comment
  • Feb. 20, 2013, 2:33 PM
    Groupon (GRPN -4.1%) slides after top rival LivingSocial states it has raised $110M in a new funding round, guaranteeing its near-term survival. Amazon (AMZN), which has a 29% stake in LivingSocial, disclosed in its 2012 10-K LivingSocial posted revenue of $536M (+114% Y/Y) and a net loss of $71M (exc. a $579M impairment charge) last year. Amazon valued its stake (the subject of a major write-down) at $52M, which implies a $179M valuation for the entire company. (previous)
    | Feb. 20, 2013, 2:33 PM | 1 Comment
  • Feb. 13, 2013, 12:29 PM
    ChannelAdvisor's January data could be helping Amazon (AMZN +2.8%) rally: the firm's clients saw a 34.3% Y/Y increase in Amazon same-store sales, up from 29.8% in December. eBay's (EBAY +0.2%) growth came in at 18.8%, down from December's 22.2%. In a positive for Google (GOOG +0.1%), search ad-driven sales grew 1% after falling 18% in December thanks to a migration to Google Shopping. Shopping engine sales (inc. Google Shopping) rose 7.9%, down from December's 15.5%. SA contributor Paulo Santos, a long-time Amazon bear, argues Amazon benefited from favorable comps.
    | Feb. 13, 2013, 12:29 PM | 7 Comments
  • Feb. 6, 2013, 9:23 AM
    Google (GOOG) has acquired Channel Intelligence, a provider of services that enable and track e-commerce activity for online retailers/marketers, from ICG (ICGE) for $125M in cash. Google Shopping services are a big part of CI's offerings. The deal expands Google's arsenal of services for lucrative e-commerce ad buyers, and does so at a time when the company is both trying to navigate a shift in marketing activity from Google Search to Google Shopping, and facing growing competition from Amazon (AMZN). ICGE +6.3%.
    | Feb. 6, 2013, 9:23 AM | 1 Comment
  • Jan. 30, 2013, 9:10 AM
    Premarket gainers: BIOC +20%. CPNO +18%. MGAM +15%. AVY +11%. CHK +11%. AMZN +9%. UIS +8%. ISIS +8%. GEVO +5%.
    Losers: GOL -6%. WBSN -5%
    | Jan. 30, 2013, 9:10 AM | 1 Comment
  • Jan. 30, 2013, 8:04 AM
    The Amazon (AMZN) bull case has pivoted to a story of margin expansion from revenue growth after the company surprised analysts with better-than-expected profit margins during Q4. A number of firms are out with price target increases, citing margin expansion as a major factor. PT hikes: Barclays to $260 from $245; JPMorgan to $333 from $245; Baird to $325 from $300; BofA to $315 from $300; Credit Suisse to $334 from $301. AMZN +8.3% premarket to $281.62.
    | Jan. 30, 2013, 8:04 AM | 9 Comments
  • Jan. 29, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: UIS +12%. AMZN +8%. CHK +8%. FTNT +7%. DLB +5%.
    After-hours top losers: CIE -9%. RCL -5%. ISIS -5%. ACE -5%. GGG -4%.
    | Jan. 29, 2013, 5:47 PM | 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)
    | Jan. 29, 2013, 4:13 PM | 98 Comments
  • Jan. 29, 2013, 4:03 PM
    Amazon (AMZN): Q4 EPS of $0.21 misses by $0.07. Revenue of $21.27B (+27% Y/Y) misses by $101M. Shares -6.3% AH. (PR)
    | Jan. 29, 2013, 4:03 PM | 11 Comments
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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