Amazon smashed expectations with Q2 results
Amazon reported a stonking second quarter last week. They were up on both revenues and earnings per share to such an extent that surprised analysts. The result was a massive boost in the stock price.
– Revenue was up 20% year on year. They bagged $23.18 billion versus analyst estimates of $22.39 billion. And Amazon says it would have been more but for international currency fluctuations.
– Earnings per share logged in at $0.19 defying analyst estimates of -$0.14.
As ever we look to ChannelAdvisor’s Scot Wingo for analysis and he’s put together yet another useful digest: Bazinga! Amazon’s Q2 2015 Results – What a Seller needs to know.
As he notes in his intro, and useful graphs follow: “Amazon shocked Wall St. with a huge beat on the top and bottom line driven by three areas: AWS (cloud computing platform), Prime and the Marketplace. AWS isn’t in the scope of our blog, but the highlight there was that AWS grew at 82% in Q2, up from Q1’s 49%. That’s ‘ludicrous mode‘ acceleration and it caught even the most optimistic analyst flat footed. Even with the spotlight on AWS, there was a lot in this quarter for sellers to be excited about on the retail parts (1P, 3P, Prime, etc.) of the business so let’s jump in.”
Amazon is going great guns and eBay desperately needs to rediscover its mojo if it is to stand a chance taking on such an extraordinary and daring ecommerce competitor.