Company Earnings UpdateAmazon (AMZN) 2Q17 Results: Strong Revenues, but 2Q and Guidance for 3Q Operating Income Below Consensus Coresight Research July 28, 2017 Executive Summary Amazon reported 2Q17 EPS of $0.40, compared with $1.78 in the year-ago quarter and missing the $1.41 consensus estimate. Net sales were $38.0 billion, up 24.8% year over year and beating the $37.2 billion consensus estimate. Retail Subscription Services was the fastest-growing segment, growing by 51.3% in the quarter, followed by Amazon Web Services (AWS) at 42.1%. Guidance for 3Q17 is for revenues of $39.25–$41.75 billion, with the $40.5 billion midpoint above consensus, and for operating income of $(400)–$300 million, well below consensus of GAAP operating income of $931 million. 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: Canada Store Openings and Closures Tracker 2025: Bankrupt Hudson’s Bay Company Takes Total Closures Ahead of OpeningsWeekly UK Store Openings and Closures Tracker 2025, Week 46: Store Openings Down 11% Year Over YearSustained Stimulus Measures Give Rise to Consumer Optimism: China Consumer Survey InsightsWeekly US Store Openings and Closures Tracker 2025, Week 24: Casey’s To Open 80 Stores; Torrid To Close 180 Stores
