Amazon had net income of 17 cents per share. This was up 23 percent compared to last year’s mark of $20.6 billion. Amazon.com has a 12 month low of $284.00 and a 12 month high of $580.57.
As mentioned on earningswhispers.com, Amazon would report a loss per share of 7 cents this quarter, while the consensus estimates earnings of 85 cents per share for 3QFY15. The shares were sold at an average price of $505.13, for a total transaction of $3,157,062.50. Olsavsky Brian T sold 2,098 shares worth $1.11M. Over the last eight quarters, Amazon has missed the Street six times on its bottom line, but has also beaten five times on its top line figures. RBC Capital lifted their price objective on Amazon.com to $705.00 and gave the stock an “outperform” rating in a research report on Friday, September 11th.
Shares of Amazon promptly shot up as much as 11% in extended trading. 3,395,627 shares of the company were exchanged.
Revenue was US$25.4 billion, Amazon said Thursday in a statement, compared with analysts’ average projection of US$24.9 billion, according to data compiled by Bloomberg.
Brokerages covering shares of the company have a consensus one-year stock price target of $643.636 on the shares. Analysts predict that Amazon.com will post $1.61 EPS for the current fiscal year. Mizuho started coverage on Amazon.com in a research note on Thursday, June 25th. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The Zacks consensus price target is based on the 22 different research firms taken into account. The company has a 50 day moving average price of $528.50 and a 200-day moving average price of $468.52.
Amazon.com, Inc. (NASDAQ:AMZN) is an e-commerce business. The Business ‘s products can be found through consumer-facing Websites, including goods and content that it purchases from vendors and those for resale 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. In addition, it manufactures and sells electronic devices, including Kindle ereaders, Fire tablets, Fire TVs, Echo and Fire phones. Amazon.com operates in two sections: North America and global. The North America segment targets retail sales earned through North America-centered Websites. Amazon is known for re-investing the money it makes on mature businesses into new initiatives, but the company’s CFO has said in recent quarters that it was going to be more prudent in cost management.
Amazon Prime. We’ll also be watching for any updates on Prime, which includes Amazon’s Netflix-rivaling streaming service. It functions writers and independent publishers with Kindle Direct Publishing.
