Amazon Crushes

As Michael Bigger so eloquently tweeted just now, “Customer obsession wins”.

Here are the numbers via Tiernan Ray at Barron’s:

Amazon.com ($AMZN) this afternoon reported Q2 revenue and earnings per share ahead of expectations.

Revenue in the three months ended in June rose to $9.91 billion, yielding EPS of 41 cents per share.

Analysts on average were expecting $9.38 billion and 35 cents per share.

And they raised guidance, an earnings triple play.  The stock is looking 220-ish headed into the call.

Bottom line – there is a recession happening for companies that suck.  Amazon is not one of them and so they get to skip it.

Have a good night.

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