(AMZN) Releases Earnings Results, Beats Expectations By $0.66 EPS (AMZN) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.78 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.66. Analysts had a consensus of $1.12. The company posted revenue of $30404.00 million in the period, compared to analysts expectations of $29566.97 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Company shares were Reiterated by Goldman on Jul 21, 2016 to “Buy”, Firm has raised the Price Target to $ 900 from a previous price target of $790 .Company shares were Reiterated by The Benchmark Company on Jul 13, 2016 to “Buy”, Firm has raised the Price Target to $ 915 from a previous price target of $750 .Company shares were Reiterated by Axiom Capital on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 853 from a previous price target of $811 . opened for trading at $745.98 and hit $753.36 on the upside on Thursday, eventually ending the session at $752.61, with a gain of 2.16% or 15.94 points. The heightened volatility saw the trading volume jump to 69,95,458 shares. Company has a market cap of $355,102 M.

In a different news, on Jun 8, 2016, Patricia Q Stonesifer (director) sold 6,250 shares at $725.93 per share price. According to the SEC, on May 17, 2016, Shelley Reynolds (Vice President) sold 626 shares at $704.84 per share price. On May 17, 2016, David Zapolsky (Senior Vice President) sold 2,019 shares at $705.49 per share price, according to the Form-4 filing with the securities and exchange commission. Inc. ( 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. 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.

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