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NEW YORK (TheStreet) -- Amazon.com"s (AMZN) 2016 second quarter earnings show that the online retailer keeps "banging out revenue,"Stuart Frankel"s Steve Grasso said onCNBC"s "Closing Bell" Thursday.
After today"s trading session, Amazon reported second quarter adjusted earnings of $1.78 per share on revenue of $30.4 billion, beating analysts" expectations for earnings of of $1.11 a share on $29.55 in revenue.
Amazon CEO Jeff Bezos can "turn the switch" and "make money" on "any metric you want to overlay," Grasso commented.
Traders "are still in good shape" with Amazon, he continued.
TIAA Global Asset Managementmanaging director andCNBC contributor Stephanie Link warned traders who are selling Amazon stock that there will not be many opportunities to buy shares back.
"These are very good results. This company is doing a lot of right things and there"s a lot of ways you can win," Link stated.
Shares of Amazon are climbing by 1.88% to $766.75 in after-hours trading today.
(Amazon.com is held in the Growth Seeker portfolio. See all of the holdings with a free trial).
Separately, TheStreet Ratings rated Amazon as a "buy" with a score of B-.
The company"s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, expanding profit margins and solid stock price performance. TheStreet Ratingsfeels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.
Source: http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHRlH6aq589VPZVD_tKbwPf_M_EyA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779169231812&ei=bS6bV7jpONGd3QGTxJqwAw&url=https://www.thestreet.com/story/13657037/1/amazon-com-amzn-stock-in-good-shape-cnbc-guests-say-after-earnings.html
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