The Seattle-based company reported second-quarter earnings of $7 million, or a penny per share, on revenue of $12.83 billion. The latest results included a net loss of $65 million related to the acquisition and integration of Kiva Systems.
That performance compares to the average estimate of analysts polled by Thomson Reuters for a profit of 2 cents a share in the June-ended quarter on revenue of $12.88 billion and earnings of $191 million, or 41 cents a share, in the same period a year earlier.
CEO Jeff Bezos highlighted Amazon Prime, the expansion of the company's movies and TV episode library and the Kindle Owners' Lending Library in his earnings commentary."Amazon Prime is now the best bargain in the history of shopping - that is not hyperbole," said Bezos in a press release, adding later: "We're very grateful to our Prime members, and thank them whole-heartedly for the business and for the word-of-mouth that has made this program grow." For the company's third quarter ending in September, Amazon forecast an operating loss of between $50 million and $350 million and revenue ranging from $12.9 billion to $14.3 billion. Wall Street's current consensus estimate is for earnings of 14 cents a share in the current quarter on revenue of $14.09 billion. Shares of Amazon closed Thursday's regular session up 1.36% at $220.01. The stock was last quoted at $220.49, up 22 cents, on after-hours volume of 1.8 million. --Written by Nathalie Pierrepont in New York. >To submit a news tip, send an email to: firstname.lastname@example.org. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. >Contact by Email. Follow @nrpierrepont
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts