Amazon stock

Investors cheered the e-commerce giant's Q2 revenue growth and Q3 revenue guidance, driving shares up nearly 14% in Thursday's after-hours trading session.

Inflation is high and many consumers and business leaders are concerned that a U.S. (or global) recession is on the horizon. Operating cash flow fell 40% year over year to $35.6 billion for the trailing 12 months. (The consensus was $0.16 at the time of my earnings preview.) It was far from a strong quarter, but it was a solid one in the context of the macroeconomic environment. My back-of-the-envelope calculation indicates that absent the Rivian stock valuation loss, earnings per share (EPS) would probably have just slightly missed the the $0.13 Wall Street estimate. Free cash flow will vary considerably based upon how much money Amazon is investing in growth initiatives. This result fell considerably short of the analyst consensus estimate of $0.13 per share. The company's revenue performance was stronger than the percentage growth numbers suggest. The North America segment's performance was particularly impressive given the previously mentioned quarter-shifting of Prime Day and the high-inflation macroenvironment. Amazon's net quarterly sales grew 7% year over year to $121.2 billion, surpassing the $119.1 billion Wall Street had expected. Operating income decreased 57% year over year to $3.3 billion. That result also slightly beat the company's guidance range of $116 billion to $121 billion.

Shares of Amazon.com Inc. undefined shot up 11.8% in morning trading Friday, in the wake of second-quarter results, to put them on for the best one-month...

The stock has run up 28.8% in July, to snap a three-month losing streak in which it tumbled 34.8%, amid growing concerns over the effect Shares of Amazon.com Inc.

Shares of Amazon.com were up 11% in Friday morning trading, riding the momentum driven by a second-quarter earnings release yesterday that led to [an ...

Amazon posted a second consecutive quarterly loss Thursday, but blew past Street sales forecasts and booked solid gains from its market-leading cloud ...

"The company managed to beat expectations and outpace competing retail giants, like Walmart, who were forced to reevaluate profit margins," she added. Amazon's stake in Rivian Automotive ( RIVN) - Get Rivian Automotive Inc. Report cost the group around $3.9 billion, which it included in non-operating income expenses. Amazon Web Services contributed $19.74 billion, rising 33% from last year. Looking into the current quarter, Amazon said it sees operating income of between zero and $3.5 billion, on revenues in the range of $125 billion to $130 billion, compared to the Refinitiv forecast of around $126.5 billion. Online store sales, however, fell 4.3% to $50.885 billion. Amazon completed its planned 20-for-1 stock split in early June, taking the per share price closer in line with mega-cap tech peers such as Apple ( AAPL) - Get Apple Inc. Report, Google parent Alphabet ( GOOGL) - Get Alphabet Inc. Report and Meta Platforms ( META) - Get Meta Platforms Inc. Report.

Amazon took another charge for the declining value of its Rivian Automotive holdings in the second quarter.

(AMZN) earnings before, with the declining value of Amazon’s Rivian shares hitting Amazon results back in the first quarter too. Rivian Rivian Automotive

Amazon delivered sales that easily outpaced expectations. Cloud computing and digital advertising ruled the day. Amazon's bullish forecast gave investors reason ...

That said, Amazon proved the resilience of its business resulting from its optionality and the continuing strength of its cloud business. The company is also guiding for operating income that ranges from flat to $3.5 billion. For the third quarter, Amazon is guiding for net sales in a range of $125 billion to $130 billion, which would represent year-over-year growth of between 13% and 17%, easily outpacing its current results. The bottom-line results included a loss of $3.9 billion resulting from the declining value of its equity stake in Rivian ( RIVN 1.34%) -- a number that will change each quarter along with the electric vehicle (EV) maker's stock price. It was Amazon Web Services (AWS) that carried the day, however, as revenue from its cloud computing business jumped 33%. Amazon's digital advertising business continued to grow, up 18%. Absent the headwinds created by a strong dollar, revenue would have grown 10%. This resulted in a loss of $2 billion and a loss per share of $0.20, compared to earnings per share (EPS) of $0.76 in the prior-year quarter -- but this also requires context.

Amazon.com's recent investments in logistics are beginning to deliver rewards, according to RBC analyst Brad Erickson. Aaron P. Bernstein/Getty Images. Talk ...