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Amazon.com (AMZN): Q2 EPS of $0.41 beats by $0.06. Revenue of $9.9B (up 51% Y/Y) beats by...

Amazon.com (AMZN): Q2 EPS of $0.41 beats by $0.06. Revenue of $9.9B (up 51% Y/Y) beats by $0.5B. Expects sharply lower operating income in Q3 of $20M to $170M, but revenues of $10.3B-$11.1B vs. $10.35B. Shares +1.3% AH. (PR)
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Comments (5)
  • catamount
    , contributor
    Comments (376) | Send Message
     
    Now up ~5% AH. Hopefully the transcript will be here soon, so we can see what the optimism is about.
    26 Jul 2011, 04:11 PM Reply Like
  • Hedgephone
    , contributor
    Comments (1363) | Send Message
     
    Revenues revenues revenues.... they know how to stick it to their competitors, but can't really make any money at it........ If they don;t have to pay state taxes this strategy will eventually work for them, but any move to instill a sales tax will make this company a full on not for profit... They did not have the internet when the Constitution was drafted and it was not a big deal when the Supreme Court ruled in favor of not allowing states to tax online commerce...

     

    If the internet was around when the founding fathers were alive, AMZN's tax evasion business model would be illegal... Sadly, these days it's encouraged....sigh....
    26 Jul 2011, 04:26 PM Reply Like
  • catamount
    , contributor
    Comments (376) | Send Message
     
    Uhm, what? The predecessor to ecommerce was catalog sales, and Sears had that 100 years ago.

     

    Sales tax is ridiculous, anyway. One should not be penalized for adding money to the local economy.
    26 Jul 2011, 06:44 PM Reply Like
  • viper32nc1
    , contributor
    Comments (95) | Send Message
     
    I only pay attention to the future guidance and so far it doesn't look to lucrative
    26 Jul 2011, 08:51 PM Reply Like
  • Hedgephone
    , contributor
    Comments (1363) | Send Message
     
    $20 MM to $170MM quarterly op. income (note, not net income) on a 105 billion dollar company? wow!

     

    I need to take my little website public already....lol.....

     

    So let's see, at a 30% tax rate the max net income assuming they hit $170MM in ops income is $120MM which is down 40% or so YOY????

     

    "adding money to the local economy" -- Amazon destroyed the "local" economy years ago... unless you are a full time blogger who sells for amazon that is....

     

    And for me it's SA premium and godaddy all the way, lol... I see your point and I too hate taxes, but Grandma Sue out in Cali selling books out of her station wagon goes to jail for not paying sales taxes, and AMZN gets to "beat" earnings....

     

    I'm buying puts.
    27 Jul 2011, 01:31 AM Reply Like
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