Will Amazon, Electronic Arts, and DreamWorks Sway the Nasdaq?

1Amazon Inc. (NASDAQ:AMZN): The online retailer reported earnings for its fiscal second quarter this afternoon, with net income falling to $191 million (41 cents per share) vs. $207 million (45 cents per share) a year earlier. This is a decline of 7.7% from the year earlier quarter. Revenues also rose 51% to $9.91 billion from the year earlier quarter. The company topped the mean analyst estimate of 37 cents per share. It beat the average revenue estimate of $9.37 billion. “Low prices, expanding selection, fast delivery and innovation are driving the fastest growth we’ve seen in over a decade,” said Jeff Bezos, founder and CEO of Amazon.com. “Kindle 3G with Special Offers has quickly become our bestselling Kindle at only $139. Customers love the convenience of a 3G reader – no hunting for or paying for Wi-Fi hotspots. Amazon picks up the tab for the 3G wireless, so you have no monthly payments or annual contracts.”

Competitors to Watch: eBay Inc. (NASDAQ:EBAY), Wal-Mart Stores, Inc. (NYSE:WMT), Google Inc. (NASDAQ:GOOG), Barnes & Noble, Inc. (NYSE:BKS), Costco Wholesale Corp. (NASDAQ:COST), and Best Buy Co., Inc. (NYSE:BBY).

Electronic Arts Inc. (NASDAQ:ERTS): The video game developer and publisher reported net income above Wall Street’s expectations for the first quarter. Net income for the multimedia and graphics software company rose to $221 million (66 cents per share) vs. $96 million (29 cents per share) in the same quarter a year earlier. This is a more than twofold rise from the year earlier quarter. Revenue rose 22.6% to $999 million from the year earlier quarter. ERTS reported an adjusted net loss of 37 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 45 cents per share. It beat the average revenue estimate of $502.9 million.

“EA is well positioned for the year ahead and reaffirms its fiscal 2012 non-GAAP EPS guidance,” said Eric Brown, Chief Financial Officer. “And we are increasing non-GAAP digital revenue guidance to a range of $1.100 billion to $1.150 billion for fiscal 2012.”

Competitors to Watch: Activision Blizzard, Inc. (NASDAQ:ATVI), THQ Inc. (NASDAQ:THQI), Take-Two Interactive Software, Inc. (NASDAQ:TTWO), and Microsoft Corporation (NASDAQ:MSFT).

DreamWorks Animation SKG (NASDAQ:DWA): The animated film-maker reported second quarter net income that rose to $34 million (40 cents per share) vs. $24 million (27 cents per share) a year earlier. This is a rise of 42% from the year earlier quarter. Revenues also rose 38.1% to $218.3 million from the year earlier quarter. The company fell in line with the mean analyst estimate of 40 cents per share. It beat the average revenue estimate of $198.3 million.

“Kung Fu Panda two is currently the fifth highest-grossing film of 2011 on a global basis and has exceeded $600 million at the worldwide box office to date,” said Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation. “We are looking forward to the next two big events for the Company during the second half of the year: the November 4th theatrical release of Puss In Boots and the release of Kung Fu Panda two into the home video market in the fourth quarter.”

Competitors to Watch: Lions Gate Entertainment (NYSE:LGF) and Disney (NYSE:DIS).