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.