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AMZN for me is the one that got away – am still waiting for that pullback. Bezos has been aggressive in buying more traditional assets, I suspect he also is surprised at how high the stock price has soared. Thanks you for the preview.
[quote=”Helmholtz Watson” post=217]AMZN for me is the one that got away – am still waiting for that pullback. Bezos has been aggressive in buying more traditional assets, I suspect he also is surprised at how high the stock price has soared. Thanks you for the preview.[/quote]
Ha ha I think there are a few of us rational ones missing this one. Glad you enjoyed it Helmholz. , I get a feeling AMZN earnings are like having dozens of Rob Schneiders from the Waterboy in the crowd yelling out ‘you can do it!’
I never listen to Jim Cramer’s show but I do read some of his posts in theStreet
Amazon BIG EARNINGS MISS :
Q2 EPS $0.40 vs. $1.42 Est.;
Q2 Revs. $38.00B vs. $37.18B Est.Wall Street had expected Amazon’s profit to drop to $1.42 per share from $1.78 per share a year ago.
Amazon.com, Inc. NASDAQ: AMZN
After-hours: 1,017.98 – 28.02 (-2.68%)After being as low as 1011 and change
More:
Beat on revenue but a huge miss on earnings.
Amazon Web Services (AWS) revenue: $4.1 billion vs. $4.08 billion expected, according to FactSet
Amazon Web Services, continues to be the company’s fastest-growing and most profitable unit. .
Amazon continues to expand internationally, rolling out Prime and other services in new regions. It just announced the launch of a new Prime Now service in Singapore.[quote=”ThePitBoss” post=366]More:
Beat on revenue but a huge miss on earnings.
Amazon Web Services (AWS) revenue: $4.1 billion vs. $4.08 billion expected, according to FactSet
Amazon Web Services, continues to be the company’s fastest-growing and most profitable unit. .
Amazon continues to expand internationally, rolling out Prime and other services in new regions. It just announced the launch of a new Prime Now service in Singapore.[/quote]Already they bought the dip on it – doesnt matter it missed by a $1 – be interesting which way analysts go higher Cloud and revenue or missed EPS.?
Some handy graphs from AlphaStreet
E-commerce giant $AMZN reported a 77% decrease in 2Q17 earnings hurt by higher costs. The company has been investing significantly in areas such as video content and in fast-growing economies such as India. Net income was $197MM or $0.40 per share in 2Q17 compared with $857MM or $1.78 per share in 2Q16.
During 2Q17, $AMZN’s net sales increased 25% to $38Bil compared with $30.4Bil in 2Q16. Excluding the $502MM unfavorable impact from YoY changes in foreign exchange rates throughout the quarter, net sales increased 26% compared with 2Q16.
A few more
In 2Q17, $AMZN posted net sales of $22.3Bil in its North America segment, up 27% compared to 2Q16. In the International segment, net sales increased 17% to $11.4Bil. Net sales for AWS grew 42% to $4.1Bil versus the prior-year period.
[size=5]They are indeed a mainstream company doing some innovative things
as books become “extinct” in future (Siri will read to you – lol) … the company appears to adapt to popular goods & services quickly. I think Fortune noted their CEO is now richest in USA at $90B (just ahead of Bill Gates) … Given our slow recovery process & difficulty in implementing some govt. changes — it is a good report overall 🙂
and this has impacted traditional brick & mortar based firms[/size]
a “MISS” is still a “MISS” … and mainly wanted to note that Amazon’s CEO only briefly passed Bill Gates at peak intraday record … but with some selling pressure, Gates is back to #1 … both are right outside $90B each
[quote=”CautiousInvestor” post=382]a “MISS” is still a “MISS” … and mainly wanted to note that Amazon’s CEO only briefly passed Bill Gates at peak intraday record … but with some selling pressure, Gates is back to #1 … both are right outside $90B each[/quote]
Impressive climb to fame by Jeff Bezos – but it says a lot about the way the headline new richest man in the world is lauded by the press and the herd with all the bad going on.
I see AMZn as in a transition phase and I think BeEzos does with all these large takeovers FWIW
[quote=”ClemSnide” post=387][quote=”CautiousInvestor” post=382]a “MISS” is still a “MISS” … and mainly wanted to note that Amazon’s CEO only briefly passed Bill Gates at peak intraday record … but with some selling pressure, Gates is back to #1 … both are right outside $90B each[/quote]
Impressive climb to fame by Jeff Bezos – but it says a lot about the way the headline new richest man in the world is lauded by the press and the herd with all the bad going on.
I see AMZn as in a transition phase and I think BeEzos does with all these large takeovers FWIW[/quote]
Agree with your points – further on the political – recall he owns Washington Post and apparently the ‘liberals’ love him – this just gets more upside down. So let me get this right the richest man in the world – and how did he get there? A champion of the people yet his companies destroyed businesses and how many jobs lost and lives transformed?
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