According to Collins Stewart, Amazon.com AMZN reported a strong top-line quarter with revenues of $9.91B, up 51% Y/Y, 6% higher than consensus on accelerating ebook sales, across-the-board strength, Japan recovery and FX benefit.
Collins Stewart said that even on an FX-neutral basis, revenue growth accelerated to 44% Y/Y from 36% in 1Q11. “North American sales grew 51% Y/Y, faster than International sales at 36% ex-FX, since eCommerce share shift and Kindle sales are both levered more towards US. International Media growth accelerated to 20% Y/Y ex-FX s. 9% in 1Q due to inclusion of the LOVEFiLM acquisition, Japan recovery and the launch of country-specific Kindle store in Germany.”
Amazon.com closed yesterday at $214.18.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in