2015-07-24

That Astounding Slide in Amazon Q2 2015 Results, Stock Explodes

Amazon Year over Year 20% Net Sales Increase (would have been 27% but for strong US dollar)
Amazon.com Investor Relations: Press ReleaseAmazon.com Announces Second Quarter Sales up 20% to $23.18 Billion "Net sales increased 20% to $23.18 billion in the second quarter, compared with $19.34 billion in second quarter 2014. Excluding the $1.39 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 27% compared to second quarter 2014."

In addition to the above, Amazon Web Services (AWS), Amazon's Cloud services, had Q2 revenue of $1.82B, +16% Q/Q and +81% Y/Y. Annual growth accelerated sharply from Q1's 49%. AWS segment operating. profit rose over 5x Y/Y to $391M. Amazon shares surged  in after hours trading, easily taking out their old highs, and causing Amazon's market capitalization to surpass Wal-Mart's (see below).

Stock chart: Amazon shares surged  in after hours trading
Amazon shares surged  in after hours trading (follow Q2 2015 earnings call) chart sourceL google.com
Stock exchange: Stock symbol NASDAQ:AMZN
Principal domain name: amazon.com

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