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Company Earnings Update

Amazon.com (NASDQ: AMZN) 2Q19 Results: 20% Increase in Sales Driven by AWS Growth

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Coresight Research

Key Points

  • Amazon.com reported 2Q19 revenues of $63.4 billion, up 19.8% year over year and in line with the consensus estimate of $59.5 billion to $63.5 billion. EPS was $5.22, up 3.0% year over year and below the $5.56 consensus estimate.
  • Amazon Web Services (AWS) was the fastest-growing segment by far, growing 37.3% to $8.4 billion. Amazon net sales in the North America segment increased 20.2% to $38.7 billion, and the international segment increased 20.0% to $16.4 billion.
  • The company guided for 3Q19 revenues of $66.0-70.0 billion (up 17-24% year over year), in line with the consensus estimate, and operating income of $2.1-3.1 billion, below the $3.7 billion consensus estimate.

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