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Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

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Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#2

Post by chollida1 »

Pre Earnings:

- sort of anti Tesla from wallstreet perspective as only three of the 55 analysts covering the company have a hold-equivalent rating, and none recommend selling

- curious to see how ot reacts given that facebook just got beat up, self inflicted and deserved, over the past few days.

Numbers: - Q2 revenues of $52.9 billion, up from $51.0 billion previous quarter. analysts estimates of $53.35 billion.

- EPS $5.07, Est. $2.49

- Net Sales $52.9B, Est. $53.35B

- operating income $2.98 billion, estimate $1.71 billion

- AWS net sales $6.11 billion

- Amazon Web Services net sales +49%, assume this is the market growing as Azure is really killing it right now and google cloud is doing respectible at the moment.

- smaller platform providers should at this point be considering their life span to be under 5 years and probably closer to 2 years.

Other:

- Continue to focus on Alexa, must really believe that loosing this market to Google will serverly harm the company because it can't possibly be returning any value based on what they spend on it

- Bezos just added about 5 Billion in networth to jump to $155 Billion

- probably won't mention Toronto's chances of getting HQ2, almost certainly better for city to not win and give no concessions than to win and give up alot in terms of tax and land concessions to amazon. Good chance that the city that gets HQ2 loses in the long term because of it.

- Prime membership count continue to rise. Last prime day was their largest ever.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#3

Post by booyaslacka299 »

The cynic in me is curious how of this is due to the knock offs breaking/dying in a few months, and people just automatically rebuy.

Sure you can increase your widgets sold stats by selling cheap, disposable widgets. Doesn’t seem like the best long term social and environmental process to use.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#5

Post by the8472 »

chollida1 wrote: post #2

Pre Earnings: - sort of anti Tesla from wallstreet perspective as only three of the 55 analysts covering the company have a hold-equivalent rating, and none recommend selling - curious to see how ot reacts given that facebook just got beat up, self inflicted and deserved, over the past few days. Numbers: - Q2 revenues of $52.9 billion, up from $51.0 billion previous quarter. analysts estimates of $53.35 billion. - EP…

> smaller platform providers should at this point be considering their life span to be under 5 years and probably closer to 2 years.

At least in price there still is competition. Scaleway seems to be 3 to 4 times cheaper on x86 with comparable nodes and even more if you choose arm, at least when you compare on demand pricing.

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#6

Post by [deleted] »

booyaslacka299 wrote: post #3

The cynic in me is curious how of this is due to the knock offs breaking/dying in a few months, and people just automatically rebuy. Sure you can increase your widgets sold stats by selling cheap, disposable widgets. Doesn’t seem like the best long term social and environmental process to use.

[deleted]

Re: Amazon.com Announces Second Quarter Sales Up 39% to $52.9B

#8

Post by 1stranger »

Obviously I'm in the minority based on their success but after the latest Prime rate increase I've mostly given up on Amazon. Part of it is just the terrible UX. Compare trying to watch Prime video with going to netflix.com. The retail website is incredibly noisy. There's all the 3rd party cruft to sift through (the things not sold by Amazon) and the worry about counterfeit products. AWS UI is always cluttered and feels 10 years behind the times compared to Google cloud.

Basically Amazon has succeeded in spite of its terrible UX (IMO) but I'm personally tired of it.

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