Wedbush Sees International Revenues Above Expectations for Amazon.com

In a report published Friday, Wedbush analyst Michael Pachter reiterated a Neutral rating and $330.00 price target on

. In the report, Wedbush noted, “Amazon reported solid Q1 revenues and earnings, although Q2 guidance was below consensus expectations. Revenues were $19.74 billion, above our $19.52 billion estimate and the consensus estimate of $19.44 billion. EPS was $0.23, above our $0.17 estimate but slightly below the $0.24 consensus estimate. While the company expects a seasonally normal revenue decline in Q2, it guided to an operating loss for the quarter. This is in line with our prior estimate, but well below the solid profits expected by the rest of the street.” Amazon.com closed on Friday at $337.15.