After Bell Earnings
A couple of nice earnings reports from Checkfree (CKFR) and Encore (WIRE) both beating estimates. Amazon (AMZN) and Ezcorp. (EZPW) both disappointed.
From Briefing.com
Amazon.com (AMZN) 36.05
+0.50
(+1.41%) Amazon.com reported Q1 (Mar) earnings of $0.12 per share, excluding non-recurring items, in line with the Reuters Estimates consensus. Revenues rose 19.8% year/year to $2.28 bln (consensus $2.23 bln). Co issued in-line guidance, sees Q2 revenues of $2.03-2.18 bln (consensus $2.08 bln) and FY06 revenues of $9.95-10.5 bln, down from previous co guidance of $9.85-10.45 bln (consensus $10.06 bln). Co also stated that: "We are appealing a recent court decision that terminates our Toysrus.com contract and are seeking a stay of the termination pending a decision on our appeal. While we believe we will prevail and that Toysrus.com's claims lack merit, the timing and possible outcomes of this litigation are uncertain and possible effects of termination are not reflected in the guidance above. If we do not prevail, operating profit could be negatively impacted by as much as $50 million for the year, including by as much as $25 million for the second quarter."
From Briefing.com
Amazon.com (AMZN) 36.05
+0.50
(+1.41%) Amazon.com reported Q1 (Mar) earnings of $0.12 per share, excluding non-recurring items, in line with the Reuters Estimates consensus. Revenues rose 19.8% year/year to $2.28 bln (consensus $2.23 bln). Co issued in-line guidance, sees Q2 revenues of $2.03-2.18 bln (consensus $2.08 bln) and FY06 revenues of $9.95-10.5 bln, down from previous co guidance of $9.85-10.45 bln (consensus $10.06 bln). Co also stated that: "We are appealing a recent court decision that terminates our Toysrus.com contract and are seeking a stay of the termination pending a decision on our appeal. While we believe we will prevail and that Toysrus.com's claims lack merit, the timing and possible outcomes of this litigation are uncertain and possible effects of termination are not reflected in the guidance above. If we do not prevail, operating profit could be negatively impacted by as much as $50 million for the year, including by as much as $25 million for the second quarter."
posted by Big Ben at Tuesday, April 25, 2006
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