Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Amazon shares fall after 1Q results
Sunday - 4/28/2013, 8:20am EDT
NEW YORK (AP) -- Amazon.com took a hit Friday after its revenue forecast caught investors off guard.
THE SPARK: Amazon's first-quarter earnings were stronger than expected and revenue was in the ball park. For the current quarter, however, the company projected revenue of $14.5 billion to $16.2 billion. The midpoint of the range is lower than the $15.92 billion that analysts' estimates, according to FactSet.
Canaccord analyst Michael Graham said Amazon's first-quarter results were "marked by solid growth, especially in North America, while International growth stalled" even after adjusting for currency fluctuations. He added that with Amazon's heavy investments leading to prolonged low profit margins, the company's stock "may stall for a bit" in the face of decelerating revenue growth.
While analysts are accustomed to conservative outlooks from the world's largest online retailer, Graham described it as slightly more bearish than the usual low end.
BACKGROUND: The company has been investing heavily in enhancing its distribution network, its shopping website and its Kindle business as part of a long-term growth plan. Because of that, and deep discounts it offers customers, Amazon's profit margins have been thin.
SHARE ACTION: Shares of Amazon.com Inc., based in Seattle, fell $19.53, or 7.1 percent, to $255.17 in midday trading. The stock has traded in the 52-week range of $206.37 and $284.72.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.