John Paczkowski

Recent Posts by John Paczkowski

Amazon Surprises Street With a Beat

The second quarter is typically the slowest of the year for Amazon, so the better-than-expected financials the company announced Tuesday came as something of a surprise.

After market close, Amazon turned in a big beat, reporting earnings of 41 cents a share on revenue of $9.91 billion, down from the 45 cents a share the company turned in for the same period last year. The big highlight: A 51 percent year-over-year surge in sales.

Quite a showing considering Wall Street had expected earnings of 35 cents a share on revenue of $9.38 billion.

“Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade,” Amazon CEO Jeff Bezos said in a canned statement.

The notoriously tight-lipped Bezos said little beyond that, though he did note that the Kindle 3G with Special Offers is now the retailer’s best-selling Kindle. As per usual Amazon revealed no hard numbers on Kindle sales for the quarter.

Looking ahead, Amazon said it expects revenue to come in the range of $10.3 billion to $11.1 billion for the third quarter. Analysts had been predicting revenue of $10.35 billion for the period.


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

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December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik