Thursday, January 29, 2009
Amazon Beats the Street!
This just in. Amazon beat the Street's estimates for Q4, both on the revenue side and on the bottom line. North American revenue gre 18% Y/Y and International revenue gre 19% Y/Y.
According to MarketWatch:
Amazon reported earnings of $225 million, or 52 cents a share, compared to earnings of $207 million, or 48 cents a share, for the same period the previous year. Revenue grew 18% to $6.7 billion. Analysts had been looking for earnings of 40 cents a share on revenue of $6.48 billion, according to consensus estimates from FactSet Research.
Guidance for call for Q1 revenue of $4.525 and $4.92 billion and operating income of $125 million to $210 million
Amazon did not offer full-year guidance, basically because nobody else is so this allows them to follow suit. That's just my opinion so take it for what its worth.
More detail after the conference call. Apparently, it wasn't the economy.
Update: Here is the link to the earnings press release
Just my 15%