From Bloomberg: Another quarter, another blowout earnings report for
Amazon.com (AMZN). The online retailer and technology juggernaut blew away
analysts’ expectations on Thursday, posting $13.18 billion in revenue for the
first three months of the year. The stock is up 13 percent. At this rate, the
company will easily become the fastest retailer in history to cross $50 billion
in sales for the year (it just missed in 2011). “The March quarterly results
showed just enough upside in both revenues and margins to make the naysayers
run for cover,” Stifel Nicolaus analyst Jordan Rohan wrote in a research note,
sticking the shiv into the vociferous Amazon short-sellers.
The earnings report was yet another rousing movement in the
entrepreneurial symphony being conducted in Seattle by Chief Executive Officer
Jeffrey Bezos. Everything seems to be going right just now: His company is
attracting new customers and third-party sellers, getting existing customers to
spend more, and increasing profitability on new ventures such as Amazon Web
Services and the Kindle…
Read more at http://www.businessweek.com/articles/2012-04-27/why-the-amazon-naysayers-should-be-scared
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