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Amazon.com (AMZN): Q1 EPS of $0.44 vs. consensus of $0.60. Revenue of $9.86B (+38% Y/Y) beats...

Amazon.com (AMZN): Q1 EPS of $0.44 vs. consensus of $0.60. Revenue of $9.86B (+38% Y/Y) beats by $0.3B. Shares -0.7% AH. (PR)
Comments (3)
  • nfantis
    , contributor
    Comments (84) | Send Message
     
    I think you mean $9.86 billion
    26 Apr 2011, 04:29 PM Reply Like
  • Harry Tuttle
    , contributor
    Comments (2221) | Send Message
     
    The mother of all spins. Big miss, high p/e. Let's focus on sales...

     

    Gotta love Bezos. He doesn't really care about Wall St. and it shows (which is why he built a great company even if the stock is expensive).
    26 Apr 2011, 04:29 PM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    Most corporate accounting departments could attest (though they'll deny they do it) to there generally being at least a little wiggle room each quarter to mask a certain amount of shortfall. The problem is when its not made up within the following 2 or 3 quarters. Pretty soon you have to reveal the shortfall. When they do, they typically use this as an opportunity to right the books which means the shortfall is much bigger than you might expect. I think this happened here with Amazon.
    26 Apr 2011, 04:58 PM Reply Like
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