Amazon (NASDAQ: AMZN) announced positive first quarter earnings, reported an EPS of $1.07, beating analysts estimate of $0.58. Their revenue was of $29.13B, which was 28.2% higher than of the estimate, beating by $1.15B.
Amazon expects next earnings to generate net sales of $28 billion -$30.5 billion vs. a $28.33 billion consensus. They also expect next earning's operating income to be between $375 million and $975 million, compared with $464 million in second quarter 2015.
Highlights from Press Release
-Amazon was ranked #1 in corporate reputation among the 100 most visible companies in America, according to the 23,000-person Harris Poll. Amazon was also ranked #1 on the Reputation Institute’s U.S. RepTrak 100 list of the most reputable companies, which is based on more than 83,000 ratings.
-Amazon Web Services (AWS) announced Amazon Lumberyard, a free, cross-platform, 3D game engine for developers to create the highest-quality games, connect their games to compute and storage of the AWS Cloud, and engage fans on Twitch. Amazon Lumberyard helps developers build beautiful worlds, make realistic characters, and create stunning real-time effects.
-Prime Free Same-Day Delivery expanded to 11 new metro areas and now serves Prime members in 27 metro areas throughout the U.S.
-Amazon entered into agreements with Air Transport Services Group (ATSG) to lease 20 air cargo planes to support one and two-day delivery for U.S. customers. ATSG will operate the planes for Amazon.