EPS was $0.45 versus Street estimates of $0.33. Revenue came in at $5.04 billion vs. estimates of $5.03 billion.
Importantly, Amazon also raised Q4 guidance. Net sales are expected to be between $8.125 billion-$9.125 billion. The Street was expecting $8.11 billion.
In the release, Jeff Bezos says the "Kindle has become the #1 bestselling item by both unit sales and dollars – not just in our electronics store but across all product categories on Amazon.com."
Some metrics:
- The revenue growth rate accelerates to 28% Y/Y from 14% in 2Q09.
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North America sales are up 23%.
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International sales grew 33%.
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Gross margin 23.4%.
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Guidance implies 21%-36% revenue growth. Amazon expects 4Q revenue of $8.125B to $9.125B
Beyond Trading Corporation has been a firm believer in Amazon (AMZN) great quarter before earnings announcement having one of the highest targets on the stock in Wall Street $115
Beyond Trading Corporation target $115 was given before Amazon (AMZN) earnings release. As soon as company released earnings our target automatically increased since it surpassed our best expectations.
Fact 1
"It was obvious Amazon (AMZN) was going to have a great quarter. In our case the key factor to increase Amazon (AMZN) target from $95 to $115 on October, 7th was the release of Kindle global version. This fact triggered the necessary buying interest on the stock which in our opinion is well deserved at this point. Our upside target increase before Amazon earnings release helped subscribers to hold onto their trading profits since a strong buy recommendation was issued at $77.5", Vieira, Beyond Trading CEO
Fact 2
"We were so certain Amazon was an excellent buy even at $94.6 before earnings it was recommended to add to existing long positions. Authenticity is a critical matter in our company." Vieira, Beyond Trading CEO
Beyond Trading Corp. provides evidence of its good and bad calls unlike its competition.
"The important is the fact we have been there all the time helping our customers to maximize profits on the stock. Amazon (AMZN) great quarter is seen as a great quarter to Beyond Trading Corp. We had a clear plan and vision when it was recommended to everyone to cover short positions near $77 to go long and that is a difficult thing to do in terms of trading"
Beyond Trading Corporation, upgraded Amazon (AMZN) from Neutral to Strong Buy before earnings
Beyond Trading has been recommending to buy shares of Amazon (AMZN) since $77-78 range
You have other important calls made by Beyond Trading Corporation on the following links
- Public articles (ISRG, DWA, CGA, MOS, AGU, etc)
Beyond Trading Corp. has seen an exponential demand for its services since 2003 especially after the recent recession which triggered the need for retail investors and professional traders to assume total control over their investments. Beyond Trading Corp. is the perfect response to this class of savvy investors and traders providing a complete service based on real-time trade alerts resulting in consistent profits which is a direct result of a very strict methodology comprised of important trading rules.
