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Sales were up 14% from last year to $4.65 billion. Earnings came in one penny ahead of the consensus at 32 cents per share. It was the company's fourth surprise in the last four quarters.
Amazon said its earnings results were effected by a litigation and currency charge.
Guidance and Estimates
Amazon offered guidance during the call, saying it expects third-quarter income of $120 to $210 million on revenue between $4.75 and $5.25 billion.
Analysts are bullish on Amazon, with the next-year estimate pegged at $2.08 per share, a 28% earnings growth projection.
Shares of AMZN have been rallying since late last year, bottoming out just above $34. Take a look below.
Last Week's Momentum Zacks Rank Buy Stocks
BlackRock, Inc. (BLK) reported solid second-quarter results on July 21 that marked a nice improvement from just last quarter. The company is also working on closing a deal to acquire Barclay's lucrative iSHares ETF business for $13.5 billion. Read Full Article.
Rovi Corp. (ROVI) is leveraging its progressive technology to score big revenue and share price gains. The company's stock price is up more than 200% in the last 6 months on strong earnings and bullish projections. Read Full Article.
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