Company Earnings Update 2 minutesRegister for Free AccessAmazon (AMZN) 2Q16 RESULTS: AMAZON HAS A BIG QUARTER WITH 31% REVENUE GROWTH Coresight Research July 29, 2016 Executive Summary Amazon reported 2Q16 revenues of $30.4 billion, up 31.1% year over year, beating the $29.6 billion consensus estimate and at the high end of the guidance range of $28–$30.5 billion. EPS was $1.78, compared to $0.19 in the year-ago quarter and consensus of $1.11. Amazon Web Services (AWS) was the fastest-growing segment in the quarter, with revenues growing 58.2% to $2.9 billion. Electronics and general merchandise was the largest revenue contributor, with revenues up 33.8% year over year to $22.0 billion. For 3Q16, the company guided for revenues of $31.0–$33.5 billion, up 22%–32% year over year, compared to consensus of $31.7 billion. Amazon also guided for operating income of $50–$650 million, below the consensus estimate of $830 million. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Consumer Tracker: Modest Valentine’s Day Spending LikelyUnderstanding Cross-Channel and Cross-Category Shopping: US Consumer Tracker Extra, July 2023Retail Shrink and ORC: Theft and Fraud Remain Top Challenges for Food RetailersUS Social Commerce Survey 2023—Infographic: Video-Centric Platforms and Influencers Offer Opportunities for Brands