SunTrust's Bob Peck Comments on Amazon Following Earnings

Despite "several" disappointing metrics in Amazon's

second quarter earnings results, SunTrust analyst Bob Peck maintained a Buy rating on the stock based on over 30 percent profit growth, "healthy" revenue guidance, Paid unit growth of 23 percent, despite ramp in Prime offering. Peck has revised his 2014 revenue, EBITDA, and EPS estimates from $91.4 billion, $6.5 billion, $1.09 $91.2 billion, $6.2 billion, and $0.00 and his 2015 estimates from $109.8 billion, $9.1 billion, and $4.11 to $109.2 billion, $8.6 billion, and $3.15. To coincide with these revisions, Peck has also cut his price target from $425 to $380.