Amazon.com Jumps on Q2 Earnings Results

Shares of Amazon.com AMZN are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 4.58%, trading at $223.98; they ended the regular session higher by 0.32%, at $214.18. Amazon.com reported Q2 EPS of $0.41 on revenues of $9.91 billion; the Street was looking for $0.34 per share on revenues of $9.37 billion. Revenues increased 50.8% year over year. The company sees Q3 revenues of $10.3-11.1 billion; the Street was at $10.39 billion. "Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we've seen in over a decade," said Jeff Bezos, founder and CEO of Amazon.com. "Kindle 3G with Special Offers has quickly become our bestselling Kindle at only $139. Customers love the convenience of a 3G reader -- no hunting for or paying for Wi-Fi hotspots. Amazon picks up the tab for the 3G wireless, so you have no monthly payments or annual contracts." Amazon.com, Inc. is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. In addition, the company generates revenue through other marketing and promotional services, such as online advertising, and co-branded credit card agreements.