Amazon Q2 Earnings Fall Way Short of Street Projections

Joanna Estrada
July 28, 2017

In addition to the promotion and sales of GrowLife owned brands, GrowLife distributes and sells over 3,000 products through its e-commerce distribution channel, Greners.com, and through its regional retail storefronts. The stock of Amazon.com, Inc. Strs Ohio owned approximately 0.08% of Amazon.com worth $330,925,000 as of its most recent SEC filing. (NASDAQ:AMZN). Manning And Napier Advisors Ltd Llc holds 541,938 shares. It also increased its holding in Companhia De Saneamento Basico (NYSE:SBS) by 269,848 shares in the quarter, for a total of 320,868 shares, and has risen its stake in Sensata Technologies Holding N (NYSE:ST). Dixon Hubard Feinour & Brown Inc. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com during the second quarter valued at about $116,000. Bridgeworth LLC purchased a new stake in Amazon.com during the fourth quarter worth approximately $390,000. B & T Capital Management DBA Alpha Capital Management's holdings in Amazon.com were valued $3,353,000 as of its latest disclosure with the securities and exchange commission. Discovery Capital Management LLC CT now owns 478,182 shares of the e-commerce giant's stock valued at $358,574,000 after buying an additional 258,595 shares during the period. Aviva PLC boosted its stake in Amazon.com by 4.1% in the fourth quarter.

The online giant's net income for the second quarter, ended June 30, was $197 million, or $0.40 per diluted share, compared with net income of $857 million, or $1.78 per diluted share, in second quarter 2016. Hedge funds and other institutional investors own 62.48% of the company's stock.

By historical standards, Amazon.com, Inc. Jefferies maintained the stock with "Buy" rating in Friday, July 29 report. The company has market cap of $24.79 million. The firm's 50-day moving average price is $997.84 and its 200-day moving average price is $912.68.

Amazon.com, (NASDAQ:AMZN) declined 0.4571% throughout intraday market trading on Early Thur, reaching $1047.9882. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The business had revenue of $35.71 billion during the quarter, compared to analysts' expectations of $35.31 billion. During the same period a year ago, the company posted $1.78 earnings per share. Company shares have been seen trading -0.16% off of the 52 week high and 48.08% away from the 52 week low. "(NASDAQ:AMZN) Stock Rating Upgraded by Vetr Inc." was first posted by Community Financial News and is owned by of Community Financial News.

TRADEMARK VIOLATION WARNING: This story was posted by BBNS and is owned by of BBNS.

A number of equities research analysts recently issued reports on the company. Analysts estimated profit of $1.42 a share on revenue of $37.2 billion, according to data compiled by Bloomberg.

Last time, the company shocked Wall Street by reporting EPS of $1.48, smashing the consensus of $1.08 per share.

Among 42 analysts covering Amazon.com (NASDAQ:AMZN), 38 have Buy rating, 0 Sell and 4 Hold. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/07/28/state-treasurer-state-of-michigan-sells-18900-shares-of-amazon-com-inc-nasdaqamzn.html. The firm has "Buy" rating by Maxim Group given on Thursday, November 12.

More notable recent Amazon.com, Inc. The stock now has an average rating of "Buy" and a consensus target price of $1,026.52. (NASDAQ:AMZN) were released by: Benzinga.com and their article: "Regulators Eyeing Amazon's Whole Foods Acquisition" published on July 27, 2017 as well as Fool.com's news article titled: "Better Buy: Amazon.com, Inc. vs. NVIDIA" with publication date: July 22, 2017.

Other reports by Click Lancashire

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