Tuesday, July 26, 2011

AMZN beats & guides UP......NICE !!!!!

AMZN gave a blowout Q2 by blowing away estimates in both Sales & EPS.

AMZN guiding Sales way ahead of consensus.

Here are AMZN Q2 actual & Q3 guidance....

Sales Actual  $9.91 billion ..... consensus $9.37 billion, beats by $540 million

EPS actual 41 cents...... consensus 35 cents, beats by 6 cents

Q3 Sales guidance $10.7 billion....consensus was $10.32 billion..guiding higher by $380 million

AMZN stock UP by $13.24 per share or +6.18% @ bid

Conference call was extremely upbeat..AMZN is highly focused in growing their business.

BLOG does NOT give buy or sell.

Saleem

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