Don’t fall for this gambit again. Jeff ‘crazy eyes’ Bezos, owner of the Washington Post, is a man without morals. For about two decades, Jeff had used his super powered website, dubbed Amazon.com, to destroy the U.S. economy and see to it that vast quantities of Americans get fired from their retail jobs. Every so often, he intentionally posts bad results, in order to lull shorts into a false sense of security.
Case in point, the company just said this:
Reports Q3 (Sep) earnings of $0.52 per share, $0.30 worse than the Capital IQ Consensus of $0.82; revenues rose 29.0% year/year to $32.71 bln vs the $32.65 bln Capital IQ Consensus; operating income $575 mln vs. $50-650 mln guidance and $670 mln estimates.
NA net sales +26% to $18.9 bln; GAAP operating income 37% to $255 mln
Int’l net sales 28% to $10.6 bln; GAAP OI ($541) mln.AWS net sales +54.5% to $3.2 bln; GAAP operating income +101% to $861 mln.
Co issues in-line guidance for Q4, sees Q4 revs of $42.0-45.5 bln vs. $44.65 bln Capital IQ Consensus. Operating income is expected to be between $0 and $1.25 billion, below estimates, vs. $1.1 billion in fourth quarter 2015.
In the after hours, AMZN is down $50, or 6.5%, like a jackass moron. Twitter is filled with obituaries, decrying the death of Bezos — tying his fate, ironically, to the orange pussy grabbing clown. But don’t be fooled by this ruse. Neither he or the clown is done yet.
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Watch if he or the company does any buy backs while the price is depressed. Perhaps there’s been a pattern.
Bezos killed more jobs than Ghina??
terrible technical set up.
Likely going to 650 b4 seeing 800 again.
just another buying opportunity tho
Let’s all put this on the IBC thanksgiving list. Once we get oversold load up before turkey week and watch the shorts get destroyed.
Amazon will blow up as a victum of boom bust cycles and equaly due to his hubris. The gaget economy is going bust.