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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Nov. 28, 2012, 3:32 PM
    Data warehousing plays Teradata (TDC -3.5%) and Informatica (INFA -1.8%) are lower after Amazon Web Services (AMZN) announces Redshift, a cloud-based service for analyzing giant data sets. AWS' trademark low pricing (less than $1K/TB/year) is included, as is a promise to deliver huge performance gains and handle a variety of management tasks. Though the devil may be in the details, Redshift is bound to unsettle an industry accustomed to 6 and 7-figure deals. Flipboard, NASA, and Netflix are among the early testers.
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  • Nov. 26, 2012, 3:16 PM
    The first Cyber Monday sales figures are pretty encouraging. IBM estimates early sales rose 24% Y/Y, and ChannelAdvisor claims its client sales via Amazon (AMZN +1.4%) and eBay (EBAY +5%) are up 52% and 57% Y/Y, respectively. IBM and comScore have already published strong figures for online Black Friday sales, as surging mobile activity helps boost demand, perhaps at the expense of traditional retailers. (holiday season forecast)
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  • Nov. 7, 2012, 2:14 PM
    Richly-valued Rackspace (RAX -5.4%) is selling off after delivering a decent (but not spectacular) Q3 report (I, II) - shares are still up strongly from July levels. Rackspace noted on its earnings call it's seeing healthy early interest in its OpenStack cloud infrastructure solutions, whose scalability help Rackspace better compete with Amazon Web Services (AWS), and that it has led to "conversations with large enterprise customers that we just weren't having a year ago." Rackspace is hoping its service quality and user control will help counter Amazon's pricing edge.
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  • Oct. 31, 2012, 4:02 PM
    Groupon (GRPN -7.8%) closes with big losses. The Street is likely worried about the depressing performance of top rival LivingSocial, something that just forced 29% owner Amazon (AMZN -2.2%) to take a big write-down. In its Q3 10-Q, Amazon noted LivingSocial posted an operating loss of $69M in Q3 on revenue of $124M. Moreover, Amazon now gives LivingSocial a valuation of just $325M, 94% below the $5.7B valuation granted in a Dec. '11 funding round. Groupon, which reports on Nov. 8, is currently valued at $2.66B.
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  • Oct. 26, 2012, 9:57 AM
    Amazon (AMZN +4.5%) has done a complete about-face after missing Q3 estimates and issuing soft Q4 guidance (I, II). The Street priced in some worries ahead of time, and could be taking kindly to healthy customer account growth and third-party merchant activity. Nomura's Brian Nowak, who has been bullish for a while, is pleased Amazon's gross margin rose 180 bps Y/Y (albeit while falling Q/Q), but is concerned about still-soaring fulfillment expenses. Overstock (OSTK +6.7%) and eBay (EBAY +1.4%) are also up. (transcript)
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  • Oct. 25, 2012, 4:27 PM
    More on Amazon: Q4 revenue guidance is below a $22.8B consensus. Q4 operating income (inc. stock compensation) expected to be anywhere from -$490M to +$310M vs. +$260M in year-ago period. North American revenue +33% Y/Y (includes web services), international only +20% (would be +27% if not for forex). Media sales +11%, other merchandise +36%. Headcount rose by 12.3K Q/Q to 81.4K, fulfillment expenses +36% Y/Y, technology/content expenses +55%. AMZN now -2.7% AH. (PR)
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  • Oct. 25, 2012, 4:18 PM
    More on Amazon (AMZN): Q3 loss includes a $0.37 per share hit from LivingSocial related to impairment. Product revenue +23.1% Y/Y to $11.55B. Service revenue +51% Y/Y to $2.26B Company expects Q4 net sales of $20.25B-$22.75B. Shares -6.5% AH. Conference call at 5:00 ET. (PR)
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  • Oct. 24, 2012, 3:55 PM
    Amazon (AMZN -2.5%) is closing with losses ahead of tomorrow's Q3 report after Barclays cut estimates, citing slowing revenue growth. Though still taking share from e-commerce and bricks & mortar rivals alike, Amazon has been struggling to deal with Europe's macro and forex headwinds, and now also has U.S. sales tax collections to contend with. Some concerns are priced in: shares are down 12% from their Oct. 4 close.
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  • Oct. 18, 2012, 10:39 AM
    Amazon (AMZN) roundup: 1) Bloomberg reports Amazon is in talks to buy Brazilian bookseller Saraiva. Saraiva, which currently has a market cap of $356M, is both a publisher and retailer of books (online and via physical stores). The report appears to be pressuring MercadoLibre (MELI -3.5%), which has already fallen on worries Amazon will enter Brazil. 2) The WSJ observes Amazon is struggling to make its publishing efforts a success in the face of boycotts from many booksellers. (earlier: I, II)
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  • Oct. 8, 2012, 11:52 AM
    Barnes & Noble (BKS +3%) CEO William Lynch feels good about the bookseller's ability to grow in the tablet market, saying preorders for the latest Nook devices are the highest he has seen. Lynch says there can be more than one winner in tablets, and BKS will have more holiday distribution at Target and Wal-Mart than ever - two huge channels that aren't carrying Amazon's Kindle.
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  • Sep. 21, 2012, 5:47 PM
    MercadoLibre (MELI -3.4%) closed lower after Stifel (Sell) argued once again (previous) Amazon (AMZN) is planning to enter the Brazilian e-commerce market. Brazil accounted for nearly half of MercadoLibre's Q2 revenue, with sales growing at a 36% Y/Y clip. Also, Deutsche launched coverage with a Hold, declaring shares "fairly valued" at current levels.
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  • Sep. 7, 2012, 11:49 AM
    Apple (AAPL +0.6%), Google (GOOG +1.3%), and Amazon (AMZN +2.8%) have two things in common: 1) They're at each others' throats. 2) They're making new highs today, rising even as PC-centric names fall on Intel's warning. Amazon's gains come as the Street mostly gives a thumbs-up to its Kindle refresh, citing its potential to boost Amazon's content ecosystem. Henry Blodget is taking a moment to gloat about his infamous 1998 $400 target (now a split-adjusted $67). (more on AMZN)
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  • Sep. 4, 2012, 9:59 AM
    Netflix (NFLX -9.2%) gets crushed on news of Amazon's (AMZN) deal with Epix. Since the expiration of the Starz deal, Epix has been Netflix's top source for popular movies. And while the loss of Epix exclusivity was expected, the fact Netflix's top rival now has access to Epix's library is stoking fears the company won't be able to stand out. At $79/year (bundled with Prime shipping), Amazon's Prime Instant Video is cheaper than Netflix on an annual basis, but doesn't offer a monthly option.
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  • Aug. 24, 2012, 9:51 AM
    Amazon (AMZN +0.9%) and Comcast (CMCSA -0.5%) expand an existing licensing agreement to add hundreds of NBC TV episodes, both new and old, to Amazon Prime Instant Video. With an arsenal of over 22K movies and TV episodes, the Amazon streaming service is a formidable challenger to Netflix (NFLX -2.5%).
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  • Jul. 27, 2012, 4:45 PM
    Amazon's (AMZN +7.9%) Q2 results helped Groupon (GRPN +14.8%) in more ways than one. Found within Amazon's 10-Q for the quarter is the news that top Groupon rival LivingSocial, in which Amazon has a 31% stake, posted Q2 revenue of $138M (+133% Y/Y), and an operating loss of $96M. Groupon is currently expected to generate Q2 revenue of $578M, and an operating profit of $73M. (more on AMZN) (transcript)
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  • Jul. 27, 2012, 11:01 AM
    Amazon (AMZN +5.4%) is now up strongly post-earnings, as worries about top-line weakness and aggressive spending get overshadowed by a rising gross margin. Growing sales of e-books, AWS server/storage capacity, and third-party merchandise (now 40% of unit sales) are contributing to the margin gains. Goldman thinks these trends will lead to Amazon's operating margin bottoming later this year, and reaching 3.7% in 2013. Nomura (previous) also forecasts rising margins. (transcript)
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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.