Amazon.com Announces Second Quarter Sales Up 20%

#1

Post by cs702 » Thu, Jul 25, 2019, 8:29 PM UTC

Re: Amazon.com Announces Second Quarter Sales Up 20%

#2

Post by rednerrus » Thu, Jul 25, 2019, 9:21 PM UTC

What a life, sales are up 20% and there are frowns all around...

#3

Post by vernie » Thu, Jul 25, 2019, 9:21 PM UTC

LOL so just forget any changes to inventory commingling and counterfeit merchandise.

#4

Post by gringoDan » Thu, Jul 25, 2019, 9:23 PM UTC

$14B in goodwill! Crazy.

#5

Post by carlsborg » Thu, Jul 25, 2019, 9:26 PM UTC

Two interesting points:

1) Close to 70% of Amazon operating income once again can be attributed to AWS.

Consolidated operating income: $3,084 m AWS operating income: $2,121 m

2) AWS revenue was $8.3B for the quarter, 37% more than the same quarter last year.

#6

Post by Willson50 » Thu, Jul 25, 2019, 9:28 PM UTC

Stock is down 3% after hours.

#7

Post by grecy » Thu, Jul 25, 2019, 9:28 PM UTC

But they still need tax breaks if you want them to build in your city!

#8

Post by kuzko_topia » Thu, Jul 25, 2019, 9:29 PM UTC

vernie wrote: post #3

LOL so just forget any changes to inventory commingling and counterfeit merchandise.

Well, the blind eye they seem to turn towards this seem to be rather unimpactful for their bottom line I guess...

#9

Post by canada_dry » Thu, Jul 25, 2019, 9:31 PM UTC

To put this in some global perspective... Alibaba's one day sales event "Singles Day" last November grossed almost half that amount (i.e. $30B).

Note: Alibaba's operating margins are approx. 30%.

#10

Post by sharkweek » Thu, Jul 25, 2019, 9:33 PM UTC

Proof I have no idea how the stock market works:

“Wow, that’s insane, their stock must have popped back over 2k because of this news!”

checks ticker

“Down 2.5% after hours...?”