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.
Image source: Getty Images.
Source: Fool.com
Amazon.com Inc. Stock
€241.35
0.210%
Currently there is a rather positive sentiment for Amazon.com Inc. with 208 Buy predictions and 7 Sell predictions.
With a target price of 258 € there is a slightly positive potential of 6.9% for Amazon.com Inc. compared to the current price of 241.35 €.
