Barclays Upgrades Amazon.com (AMZN) to Overweight

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Amazon.com Announces Second Quarter Sales up 20% to $23.18 Billion

July 23, 2015 4:09 PM EDT

SEATTLE--(BUSINESS WIRE)-- Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its second quarter ended June 30, 2015.

Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion for the trailing twelve months ended June 30, 2014. Free cash flow increased to $4.37 billion for the trailing twelve months, compared with $1.04 billion for the trailing twelve months ended June 30, 2014.

Common shares outstanding plus shares underlying stock-based awards totaled 488 million on June 30, 2015, compared with 480 million one year ago.

Net sales increased 20% to $23.18 billion in the second quarter, compared with $19.34 billion in second quarter 2014.... More