Posted on 10/27/2022 2:30:01 PM PDT by ConservativeInPA
Amazon (AMZN - Free Report) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this online retailer would post earnings of $0.15 per share when it actually produced earnings of $0.10, delivering a surprise of -33.33%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.
(Excerpt) Read more at zacks.com ...
Amazon already delivered the biggest turkey with their spending of $1B on Rings of Power.
Yeah, I guess that really bombed.
Dropped 15 and change in the aftermarket. Down to 95 dollars.
Why the instantaneous drop at 1600 hours?
Bezos has been re-investing almost all Amazon profits since 1998.
One problem for for Zuck...
Everyone understands what business Amazon is in.
Nobody understands what the "Metaverse" is!
Amazon came up short on expected revenue in Q3 and gave weak guidance for Q4.
Bezos pretty much re-invests all Amazon profits, so Amazon "revenue before taxes" is the number all the stock analysts watch.
Thanks.
The Amazon warehouse near where I live use to carry alot of small stuff but they switched it over to most clothing and jewel a few years back, and most people don’t buy clothing and Jewel over the Internet unless they can get it really cheap having said that this facility has hardly any one working their now being sales of clothing on line is way way down, clothing is one of the first things people stop buying when they start running out of money.
Bezos/WaPo wanted Biden to be POTUS instead of Trump. Total disaster! Well done Elites!
Amazon rehashed stale viewership number for Woke of Power. Should be interesting if Amazon is asked about Woke of Power during the upcoming earnings call.
But did anyone cancel their Prime membership over it? If not, it is like buying movie tickets even if you don’t go to the theater...they still get the money.
Amazon’s cash cow that supports everything is Amazon Web Services, and it is down in earnings.
No surprise given the terrible quality of their Thursday Night Football coverage. The picture is so bad, you’d think we live in a third world country and we are pirating the stream.
Check my number 15.
Is that live streaming?
I wonder if someone is broadcasting this from their iPhone 14.
Yes, Amazon Prime live stream. The picture sux.
And we’ve streamed shows on Amazon prime before, and the video is fine, but the audio doesn’t match. Jeff Bezos needs to get a new tech support group.
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