Amazon’s Q2 Is a Miss
The online retail giant posted a loss, at an EPS of minus two cents on revenue of $15.7 billion.
Though Amazon’s net sales rose 22 percent compared to the year-ago quarter, it’s a disappointing miss against analysts’ expectations that the company would post earnings per share of four cents to six cents on $15.74 billion in revenue.
“This past quarter, our top 10 selling items worldwide were all digital products — Kindles, Kindle Fire HDs, accessories and digital content,” CEO Jeff Bezos said in a canned statement. (Of course, with no actual sales numbers on the amount of Kindle products sold — as always.)
Not a ton of color in this release as to why Amazon missed, nor are there any notes on AmazonFresh, the company’s experimental grocery delivery service. Hopefully, CFO Tom Szkutak will address these points on the conference call with analysts coming up shortly.
Shares of Amazon were trading off around two percent on the news, at around $297 per share.