Amazon.com, Inc. (NASDAQ:AMZN) Posts 31.53% Year To Date Gains
Amazon.com, Inc. (NASDAQ:AMZN) had risen almost 17% since the Company had reported stronger than anticipated first quarter fiscal 2012 results.
For the first quarter of fiscal 2012, the Retail- Catalog and mail Order service provider had posted revenue of $13.18 billion, an increase of 34% year-over-year and almost $0.27 billion ahead of the average estimate provided by the analysts. Net income of $0.28 per diluted share was although down as compared to the last year net income of $0.44 per share, still beat the analyst estimate of earnings by $0.06 per diluted share. Amazon still provided a lower second quarter guidance with the revenue outlook being $ 11.9 billion to $13.3 billion while the analysts had expected revenue of $12.85 billion.
The Company had recently announced to host a first global customer and partner conference by its company Amazon Web Services LLC (AWS). AWS had on May 08, 2012 announced new managed services for Windows developers with the worldwide launch of Amazon Relational Database Services (Amazon RDS) for Microsoft SQL Server and ASP.NET support for AWS Elastic Beanstalk. The conference will include more than 100 sessions such as hands-on workshops, cloud computing strategy sessions and technical deep dives delivered by the AWS team and AWS customers and partners. Amazon RDS currently supports SQL Server 2008 R2 and plans to add support for SQL Server 2012 later this year.
Shares of Amazon.com, Inc. (NASDAQ:AMZN) have gained 1.65% in the last trading week while they have risen 31.53% year to date. The 52 week range of the Company is $225.73-$246.71 with high volume trading observed on the earnings release.