Analysts comments on AMZN numbers. I guess they must be a contrarian indicator like most analysts.
> >Wednesday April 28, 5:12 pm Eastern Time
> >(Note: this article is ''in progress''; there will likely be an update
> >soon.)
> >
> >INSTANT VIEW/Amazon beats Q1 expectations
> >
> >SEATTLE, April 28 (Reuters) - Internet retailing giant Amazon.com Inc.
> >(AMZN - news) beat Wall Street expectations on
> >Wednesday, posting a pro forma net loss of $36.4 million or 23 cents per
> >share in the quarter. On average analysts had expected
> >a loss of 29 cents a share, according to First Call.
> >
> >DEREK BROWN, ANALYST, VOLPE, BROWN, WHELAN & CO:
> >
> >The results were ''well in excess of my expectations, it was a
> >phenomenal quarter, as Q1 is a traditionally seasonally slow period of
> >time for retailers.''
> >
> >Amazon ''not only exceeded my revenue estimate, by $39.1 million, and
> >that equates to over 15 percent, they exceeded my EPS estimate by 6
> >cents per share.''
> >
> >''This shows leading companies on the Internet are going to grow
> >disproportionately to the lower tier players. They will outperform
> >versus the competition and
> >expectations.''
> >
> >LAUREN LEVITAN, ANALYST BANCBOSTON ROBERTSON STEPHENS:
> >
> >"The number that is incredibly impressive is the 8.4 million total
> >customers -- that is incredibly impressive. These are phenomenal
> >results, and it seems everybody
> >getting online is going to Amazon.
> >
> >''After a strong first quarter we didn't think that they could improve
> >that much but they've shown a 35 percent revenue growth sequentially
> >over the last quarter in
> >what should be a seasonally slow time of year; It shows that these guys
> >are synonymous with online shopping. We estimated $260 million in sales,
> >they came in at
> >$293 -- so they're beating our number by 13 percent. The profit also is
> >better than expected. It's very impressive.''
> >
> >(Note: this article is ''in progress''; there will likely be an update
> >soon.) <<
|
