Amazon crushes! Classic Beat and Raise Q.

I'm still digesting, but Amazon looks to have had a killer 2Q.  Revenues came in at $4.06b vs. $3.995b and the bottom line was .37 vs. .26 on EPS.

Amazon bucked any ecommerce slowdown with 41% y/y growth in sales, that's 35% ex-FX.

Amazon took up their 2H08 estimates and FY08 estimates. The stock is up 5-10% in AH trading.

More details on 3P as we get them.

Comments

[Steve]

No wonder eBay is trying to be Amazon. They are not Amazon however and the harder they try to be like Amazon the more many of their sellers become disatisfied and leave. Ebay needs to go back to being what made them successful to begin with, but they need to continue to work on their customer service. Call it a flea market if you choose, but there are many people who like being able to go to eBay to find anything under the sun.

This news certainly dispels any rumor that a slow economy is the blame for eBays woes. I myself think that in a slow economy people would turn to eBay for their great deals. I never bought that "slow economy" excuse and this proves it.

[Harley]

Up next, eBay enters the cloud computing arena! Geez wonder where they got that idea from?

[Josh]

Alley Insider has a good post on what was really behind the numbers...

http://www.alleyinsider.com/2008/7/amazon-q2-revenue-in-line-but-stellar-eps-amzn-

[johndoom]

i have sold on e-bay for almost ten years and am done with them. i would rather sell something for half the price on craigslist than deal with e-bay . amazon is so easy and stress free it is amazing. it may be less profitable, but it is much easier to sell an old tattered david sedaris book on amazon than list a original errol flynn poster on e-bay. if you do have a problem with e-bay, their e-bay live help never works. amazon you get someone on the phone within 2 minutes and they are not from a call center. the e-bay/paypal intermingling is horrible. you can't trust paypal anymore they automatically take the buyer's side. i know hundreds of e-bay sellers in southern california and they are all fed up, and they are the ones who pay the fees, about half have switched to amazon, the others craigslist and several have gone back to traditional retail. if google wanted to start an online auction service they would destroy e-bay within a year.

[tj]

Go get 'em eBay...LOL not a chance in he_l

Well done Amazon..shows what a little thought and good customers service can do