This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Amazon Surges on Huge Revenue Growth

NEW YORK ( TheStreet) -- Amazon (AMZN - Get Report) shares surged 6.4% to $352.99 after the Seattle-based online retailer reported results that beat Wall Street estimates.

Amazon reported a loss of 9 cents per share on $17.09 billion in revenue, delivering 24% year-over-year growth. Analysts surveyed by Thomson Reuters expected Amazon to lose 9 cents per share on $16.76 billion in revenue.

"It's been a busy few months -- we launched a new Paperwhite and new Kindle Fires to positive reviews and surprised people with the revolutionary Mayday button -- average Mayday response times are just 11 seconds!" said Jeff Bezos, founder and CEO of "And that's not all. In the last 90 days, our AWS team got back to work on a big government contract, we brought 8 million square feet of fulfillment center capacity online, deployed 1,382 Kiva robots in three FCs, provided a new venue for artists to reach customers, signed up millions of new Prime members, announced Kindle MatchBook, Login & Pay, and nine new original TV pilots, joined the coalition, acquired TenMarks -- a company that helps kids with math, scored a win for customers who want to use Kindles on airplanes even during takeoff and landing (also, a big hat tip to Nick Bilton on that one), began hiring and training 70,000 new U.S. FC employees to help serve customers this holiday season, and saw the Kindle Million Club grow to include 14 KDP authors."

The company noted its operating loss was $25 million for the third-quarter, compared to an operating loss of $28 million in third-quarter 2012. Foreign exchange impacts caused $7 million of the loss.

For the fourth quarter, the company is expecting revenue to be between $23.5 billion and $26.5 billion. Wall Street estimates are expecting Amazon to generate $25.9 billion in sales.

The company notes it's expecting operating income to be between a loss of $500 million and a $500 million gain for the quarter, compared to a gain of $405 million in the fourth quarter of 2012.

Shares of Amazon closed the regular session higher, gaining 1.5% to finish at $331.80.

-- Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $534.80 -1.60%
AAPL $111.28 0.45%
FB $92.55 -1.60%
GOOG $640.36 -0.17%
TSLA $240.86 -2.10%


Chart of I:DJI
DOW 16,801.35 +24.92 0.15%
S&P 500 1,980.49 -6.56 -0.33%
NASDAQ 4,746.22 -35.0440 -0.73%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs