Company Earnings UpdateAmazon (AMZN) 1Q17 Results: Beats Consensus, Guides Down for 2Q Profit Coresight Research April 28, 2017 Executive Summary Amazon reported 1Q17 EPS of $1.48, compared with $1.07 in the year-ago quarter and beating the $1.08 consensus estimate. Net sales were $35.7 billion, up 22.6% year over year and beating the $35.3 billion consensus estimate. Amazon Web Services (AWS) continued to be a strong business driver, with revenues up 42.7%. The segment contributed 89% of operating profit in the quarter. Guidance for 2Q17 is for revenues of $35.25–$37.75 billion, in line with consensus, and for operating income of $425 million–$1.075 billion, below consensus of $1.46 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Financial Confidence Improves but Tariffs and Inflation Impact Shopping Behavior: US Consumer Survey InsightsUS CPG Sales Tracker: Sharp Beauty Rise Drives CPG Growth in December 2024Revving Up the Flywheel: Insights from the Inaugural Amazon Prime Analyst DayHead-to-Head in US Department Stores: Kohl’s vs. Macy’s
