Amazon Misses, Growth Slows, Guides Lower, P/E Goes Negative And Stock Soars
January 29, 2013 - 4:24pm
The most cartoonish stock of all time just came out with results that can only be characterized as WTF. To wit: Q4 revenue of $21.27 billion missed expectations of $22.23 billion Q1 EPS of $0.21 missed expectations of $0.27; The firm guided top-line lower, seeing Q1 sales of $15-$16 billion, below the estimate of $16.5 billion The firm guided operating income much lower, seeing Q1 op income of ($285)-$65 Million on expectations of $261.4 MM The firm said the its physical books sales had the lowest growth in 17 years Total employees grew by 7,000 in the quarter and 32,200 Y/Y to a record 88,400 Worldwide net sales Y/Y growth was the slowest in years at 23%, down from 30% in Q3 and 34% a year ago And, last and certainly least, LTM Net Income is now officially negative, or ($49) meaning as of this moment the firm with the idiotically high PE has an even more idiotic N/M PE. ... And the st...
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