Not Even AWS Could Save Amazon.com's Bottom Line
For a moment there, Jeff Bezos was the richest man in the world. But then Amazon.com (NASDAQ: AMZN) reported earnings, and Bezos had to hand the crown back to Bill Gates. Shares are down today after the company's bottom line missed analyst expectations by a mile. Total revenue in the second quarter jumped 25% to $38 billion, but net income fell by nearly 80% to $197 million, or $0.40 per share, as the company aggressively reinvested in the business (as usual).
Analysts had been expecting the company to report $37.2 billion in sales and $1.41 per share in profits, a full $1 per share higher.
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Source: Fool.com
Amazon.com Inc. Stock
€161.40
3.900%
With 155 Buy predictions and not a single Sell prediction Amazon.com Inc. is an absolute favorite of our community.
With a target price of 192 € there is a slightly positive potential of 18.96% for Amazon.com Inc. compared to the current price of 161.4 €.
