Amazon.com Announces Second Quarter Results
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July 30, 2021 6:25 AM EDT
Susquehanna analyst Shyam Patil lowered the price target on Amazon.com (NASDAQ: AMZN) to $5,000.00 (from $5,500.00) while maintaining a Positive rating.
The analyst commented, "Reopenings have shifted consumer shopping habits more toward offline, leading to a readjustment of expectations, which we view... More
July 29, 2021 4:02 PM EDT
(Updated - July 29, 2021 4:04 PM EDT)
Amazon (NASDAQ: AMZN) reported Q2 EPS of $15.12, $2.90 better than the analyst estimate of $12.22. Revenue for the quarter came in at $113.1 billion versus the consensus estimate of $115.07 billion.
Operating cash flow increased 16% to $59.3 billion for the trailing twelve months, compared with $51.2 billion for the trailing twelve months ended June 30, 2020.Free cash flow decreased to $12.1 billion for the trailing twelve months, compared with $31.9 billion for the trailing twelve months ended June 30, 2020.Free cash flow less principal repayments of finance leases and financing obligations decreased to $0.6...
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