Amazon.com Inc (AMZN · NASDAQ)

Amazon reported June-quarter revenue of $200.61B, up 19.6% year over year, with net income of $62.65B more than doubling from the prior quarter's $30.25B, and the company has beaten EPS estimates in all four of the last quarters. Free cash flow turned negative at -$8.82B as capex of $54.21B exceeded operating cash flow of $45.39B, reflecting heavy infrastructure spending that includes a 20-year power agreement with Constellation and a $1B+ custom chip deal with Synopsys for AWS. Leverage remains modest at 1.3x debt/EBITDA with $78.21B in cash, while ROE stands at 30.6% on a 50.8% gross margin. The stock closed at $249.15, down 12.3% from its 52-week high and trading below its 20- and 50-day moving averages, though it sits 3.3% above its 200-day.