Categories Earnings, Retail, Technology

LIVE BLOG: Amazon Q2 2018 earnings call

  • 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

Amazon Web Services YoverY sales growth trend

  • 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

Amazon second quarter 2018 earnings

Related: Will Amazon eclipse the $1 trillion market cap

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