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

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

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

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