Amazon beats on the top and botton line; guides Q3 revs in-line
Reports Q2 (Jun) earnings of $1.78 per share, $0.66 better than the Capital IQ Consensus of $1.12; revenues rose 31.1% year/year to $30.4 bln vs the $29.57 bln Capital IQ Consensus and $28.0-30.5 bln guidance.
Operating income $1.3 bln vs. $375-975 mln guidance and $900 mln estimate.
North American sales +28% to $16.52 bln; operating income +102% to $702 mln.
International sales +29% to $9.8 bln; op. income ($135) mln.
AWS sales +58% to $2.9 bln; operating income +126% to $718 mln.
Co issues in-line guidance for Q3, sees Q3 revs of $31.0-33.5 bln vs. $31.66 bln Capital IQ Consensus; operating income is expected to be between $50 million and $650 million vs. $800 mln est, compared with $406 million in third quarter 2015.