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Amazon.com (AMZN) announces Q2 financial results

Stockhouse Editorial
1 Comment| July 25, 2013


Today, Amazon.com, Inc. (NASDAQ: AMZN, Stock Forum) reported a net loss of $7.0 million, or two cents per diluted share for its second quarter ended June 30, 2013. In second quarter 2012, Amazon.com announced a net income of $7.0 million, or one cent per diluted share.

The online retail giant missed Wall Street’s targets for earnings of six cents per share on net sales of $15.74 billion.
According to the Amazon.com press release, net sales increased 22% to $15.70 billion in the second quarter, compared with $12.83 billion in second quarter 2012.

Operating cash flow increased 41% to $4.53 billion for the trailing twelve months, compared with $3.22 billion for the trailing twelve months ended June 30, 2012. Free cash flow decreased 76% to $265 million for the trailing twelve months, compared with $1.10 billion for the trailing twelve months ended June 30, 2012.

Free cash flow for the trailing twelve months ended June 30, 2013 includes fourth quarter 2012 cash outflows for purchases of corporate office space and property in Seattle, Washington, of $1.4 billion.

Furthermore, operating income decreased 26% to $79 million in the second quarter, compared with $107 million in second quarter 2012. The unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter on operating income was $18 million.

Guidance for the third quarter of 2013 included net sales between $15.45 billion and $17.15 billion, or to grow between 12% and 24% compared with third quarter 2012.

Additionally, an operating loss is expected to be between $440 million and $65 million, compared to $28 million in third quarter 2012.

Amazon.com serves consumers through its retail websites and focuses on selection, price, and convenience.

 On Thursday, Amazon.com rose 1.5% and was trading at $303.40 a share. The company had a market cap of $138.1 billion, based on 455.2 million shares outstanding.

Tags: INTERNET CONTENT & INFORMATION SPECIALTY RETAIL

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rianjones1983
Get details from the Transcript of AMZN Q2 2013 @ http://earningsimpact.com/Transcript/82291/AMZN/Q2-2013-Earnings-Call
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July 25, 2013
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