Amazon: results disappoint investors
The trading day is difficult for Amazon Friday. In after market trading Thursday, the securities are traded on the internet provider declined by almost 15% to 102.55 dollars. This Friday, the trend is confirmed to significantly lower at 16 hours since the security loses 10%.
After the official closure of Wall Street Thursday, Amazon has posted results that disappointed investors. Of course, earnings rose 45% for its second quarter to 207 million or 45 cents per share. But analysts had predicted earnings of 53 cents per share. As for sales, Amazon will display a turnover of 6.57 billion, exceeding expectations (6.54 billion).
Operating profit rose 71% to 270 million but there is also far from the consensus (320 million estimated).
For the current quarter, Amazon provides billings between 6.9 and 7.6 billion dollars my credit score. The operating profit should be between 210 and 310 million showing a margin of 3 to 4% The analysts' estimates were much higher: 361 million expected to be a margin of 5%.
In a statement, Jeff Bezos, founder and CEO of the site says, "We see rapid growth in sales of Kindle, Amazon web services, sales to third parties and retail." "Over the last twelve months, customers worldwide have ordered from their mobile device for over $ 1 billion worth of Amazon," says Jeff Bezos still, he was confident in the potential of Tablet PCs, or as the Kindle 'iPad, to "become a vehicle extra" sales.
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