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Amazon and earnings should not be used in the same sentence, because they have none. Might as well call it their revenue report. But let's see how much the stock goes up when they announce how much money they lost. Crazy!
Any one playing AMZN before earnings? Last quarter, they didn't beat the number but stock was up.
I rarely play Amazon's earnings because of the very reason you mentioned. There are too many variables when it comes to its stock movement after an earnings announcement because their revenue is impressive, but their net income is anything but impressive. A lot rides on their future guidance. I think they are an amazing company and I'm bullish on them long-term. However, it's not a stock that I would trade on earnings.
Any one playing AMZN before earnings? Last quarter, they didn't beat the number but stock was up.
It's called a short term investment.
I plan to buy a deep in the money long call and short some shares against it.
I expect (maybe right, maybe wrong) that the stock falls to under $300 in the first 5 minutes after the earnings release.
-It seems like eventually, they'll be profitable. But, you could have said that 3 or 5 years ago. It seems like they'll hit a wall in terms of innovation. I've read that they are building towards delivering same day shipping. After that, what do you do?
Clearly, they out innovated all the other dot com retailers from years ago ( the etoys of the world or other early start ups). The web was suppose to lower costs and streamline things, and they still aren't profitable, 10-13 years later?
I like their gift cards (have gotten many for presents). And their site is very well designed and user friendly (probably one of the top 5 or 10 on the internet for retail). They got an early lead for product reviews. Their reviews on books, games, music are still kind of my default. I'm glad I'm not running it, lol.
A company that may have $85-$100 billion yearly sales can not get 1 single penny in profit.
It's not that they are not profitable. They are. However, they put all their profits back into development and expansion. So it looks like they're not profitable, but they do have modest profits.
It's not that they are not profitable. They are. However, they put all their profits back into development and expansion. So it looks like they're not profitable, but they do have modest profits.
That's what I meant, none to the bottom line. Today they beat estimated revenues by about $250 million and still could only match the estimate of a loss of 9 cents.
They have been spending more and more each quarter to get their revenues.
Their revenues per employee is going up as well.
Their guidance on revenues is quite wide for the next quarter. The low on their range is a full $2.5 billion below the street's estimate. If they did hit the bottom of the range it would be a 10% shortfall on revenues.
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