Amazon.com (AMZN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.47. Analysts had a consensus of $0.60. The company posted revenue of $29128.00 million in the period. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.
Many Wall Street Analysts have commented on Amazon.com. Company shares were Reiterated by Axiom Capital on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 811 from a previous price target of $797 .Company shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 810 from a previous price target of $685 .Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 800 from a previous price target of $715 .
Amazon.com closed down -10.31 points or -1.67% at $606.57 with 40,68,767 shares getting traded on Wednesday. Post opening the session at $611.8, the shares hit an intraday low of $601.28 and an intraday high of $615.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 3, 2016, Patricia Q Stonesifer (director) sold 6,250 shares at $577.94 per share price. According to the SEC, on Feb 24, 2016, Diego Piacentini (Senior Vice President) sold 5,000 shares at $555.00 per share price. On Feb 17, 2016, Andrew R Jassy (Senior Vice President) sold 2,952 shares at $518.99 per share price, according to the Form-4 filing with the securities and exchange commission.
Amazon.com Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices including Kindle e-readers Fire tablets Fire TVs Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.