Amazon.com Inc (AMZN · NASDAQ)

Amazon's June quarter showed revenue of $200.61B, up 19.6% YoY on a trailing basis, with net income of $62.65B more than doubling from the prior quarter's $30.25B; the company has beaten EPS estimates in all of its last four reports, including $1.88 versus $1.83 expected in the most recent quarter. Free cash flow turned negative at -$8.82B for the quarter as capex of $54.21B exceeded operating cash flow of $45.39B, though leverage remains modest at 1.3x debt/EBITDA with $78.21B in cash. The stock closed at $250.00, down 1.9% on the day and 4.7% over five days, but sits 3.0% above its 200-day moving average and 12.0% below its 52-week high. Valuation metrics include a P/E of 20.8, EV/EBITDA of 10.98, and a market cap of $2.75T against an analyst target of $331.46.