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Numbers: - Q3 Sales $127b meets est. - Q3 EPS $0.28, Est $0.22, nice - Q3 Operating Margin, 2%, that's tight - Web services sales of $20B, just shy of estim
by chollida1 4y ago
Numbers:
- Q3 Sales $127b meets est.
- Q3 EPS $0.28, Est $0.22, nice
- Q3 Operating Margin, 2%, that's tight
- Web services sales of $20B, just shy of estimates
- AWS sales still growing like a juggernaut. Man, google ad revenue, Microsoft business revenue, aaple iphone revenue and aws revenue. You can just always rely on those 4.
- Retail in North America and International both lost money
Interesting:
- amazon head count is 1.5M employees world wide, the new IBM!!
- shares are down but I think its more due to their Q4 guidance than anything in Q3,
- due to amazon guidance for Q4 watch walmart, ebay, wayfair, etc.
These should all fall, this is probably the trade to make over trading amazon's earnings
- according to reports a 20% drop, which it is at now, would be its largest since 2006. This is crypto currency or META level lunacy, 100's of Billions just got vaporized in 15 minutes.
- AMZN, no longer a Trillion $ company, luckily that won't result in an ETF outflows:)
Watch for:
- do rising energy costs affect their web services business?
- do rising labour costs affect their retail business?
- do they really want to hire 150,000 people for Christmas like they did last year?
- they've reached GOOG, AAPL, and MSFT size now, growth will be tough.
This normally means cost cutting. Watch what the CFO announces around controlling costs.
- now that free money from the FED is truly over, will AMZN focus on cost cutting and mergers to drive revenue over organic growth
- also pointing to cost cutting is the new CEO Jassay is like Tim Cook at apple, a manager not a growth oriented CEO.
- from the CFO "We're takign actions to tighten our belts", there it is. All companies are in full blown cost saving mode now.
- does AWS announce alot more GPU instances now that ETH has merged?
- what does hiring look like with all tech giants cost cutting and with expectations that their stock price will be flat over the next year?
- saw on twitter someone point out that DOGE is up %30 in the past few days while AMZN is down %20. Completely meaningless but kind of funny in a dark way.
- this market is rough and unforgiving:(
- newaccount2021 4y ago
- deleted 4y ago[deleted]
- spaceman_2020 4y ago> Retail in North America and International both lost money Is this pretty much proof that anyone even trying to compete with Amazon is basically throwing away money? That general-purpose online retail will simply never be profitable?
- lotsofpulp 4y agoI think the fact that Walmart/Target/Best Buy/Costco/etc have been earning 2% to 5% profit margins for many decades was proof that general purpose online retail will not be very profitable.
- sgerenser 4y agoI wonder if “retail” includes Amazon Prime subscription revenue? I doubt there’s many people signing up for Prime just for video or the other random perks Prime gets you, it’s 98% for the free shipping.
- hef19898 4y agoQ4 is peak season, all the inventory and capacity needed for that is bought, delivered and paid for in Q3. Same for any other competitor, basically normal eCommerce / retail numbers.
- gffrd 4y ago> amazon head count is 1.5M employees world wide In 2012, they had 88,000 … if scaling were linear—which it's not—that averages out to 141,000 people to hire a year. In a single year, 2019 to 2020, they grew their workforce ~63%, from 798k to 1.3m. Insane.
- throwayyy479087 4y agoI drove by a billboard earlier that said “Amazon warehouse hiring - no interview required. Show up and get paid!”
- colinmhayes 4y agoAmazon has worked extremely hard to make the warehouse jobs as brain dead as possible so that people off the street can be plug and played at a moments notice. They're treating the warehouse employees like robots because the medium term goal is to replace them all with robots.
- microtherion 4y ago> the new CEO Jassay is like Tim Cook at apple, a manager not a growth oriented CEO Under Tim Cook, annual revenue grew from $76B (2010) to $387B (2022). That's rather decent growth, especially considering that at Apple's size, growth would presumably become harder and harder to attain.
- avrionov 4y ago> - they've reached GOOG, AAPL, and MSFT size now, Amazon is much bigger than GOOG, MSFT and APPL now. They have more employees and bigger revenue than the other FAANG companies. In the US only Walmart has more employees and bigger revenue.
- capitalsigma 4y agoMargin is much smaller on physical goods, they employ a lot more people doing manualish labor, etc