Company Earnings Update 3 minutesRegister for Free AccessAmazon (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? Register for a free user account. This document was generated for Other research you may be interested in: Market Outlook: US Convenience Store Retailing—Charting New Paths Through Structural HeadwindsInnovator Profile: RetailReady—Transforming Retail Compliance with AI and Computer VisionNRF 2025: Retail’s Big Show Wrap-Up—The Future of Retail Will Be Driven by AI, Innovation and a Commitment to SustainabilityRetail Shrink and ORC: Cargo Theft Hits Record Levels in the US, Retail Crime Costs Soar in the UK
