- Amazon shares are up about 3.2% at 6 PM ET
- Conference call ends
- Seeing good traction in Prime memberships
- Amazon’s Indian site is the most visited site in India
- Collects sales taxes for first-party products sales in 45 states, and for third-party products, it’s in three states
- AWS has accelerated in the last three quarters. Added 800 new services and features this year. Customers migrated more than 80,000 databases using the AWS database migration service
- At 5:45 PM ET, Amazon shares are up 4%
- PillPack deal is expected to close in the second half of the year; working with them on integration. Looking to acquire well-run companies with highly differentiated customer experience
- Stepped down the growth rate of fixed headcount; excluding acquisitions, the growth was 26% year-over-year at the end of June. Less external hiring in the first half of the year
- Continues to launch Prime and devices in new countries; launched Prime in Australia recently
- CFO Brian Olsavsky starts answering the questions
- Forward-looking statement ends. Q&A starts.
- Earnings conference call starts. The stock is up about 3.2% at 5:30 PM ET
Related: Amazon acquires online pharmacy PillPack
- Amazon is up about 3.5% at 5:00 PM ET
- The stock has been trading between $931.75 and $1,863.84 in the past 52 weeks and it has surged about 55% so far in this year and about 72% over the past one-year period
- Amazon shares lose the initial momentum on revenue miss and lower-than-expected revenue outlook. The stock is up by about 2% at 4:30 PM ET
- For the third quarter, the online retail giant expects revenue to be $54.0-57.5 billion versus the consensus estimate of about $58 billion
Related: Amazon Q2 2018 earnings results
- Earnings were $5.07 per share and revenue stood at $52.89 billion for the quarter ended June 30, 2018. Analysts expected Amazon to post earnings of $2.49 per share on revenue of $53.4 billion
- Amazon soars more than 4% after the bell on upbeat earnings results. At the end of Thursday’s regular trading session, Amazon stock dropped 2.98% to $1,808. Shares of Amazon hit a new 52-week high ($1,863.84) on Tuesday and it is expected to surpass that on the back of stellar earnings results
Related: Will Amazon eclipse the $1 trillion market cap
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