- 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:(