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Goodnight Amazon: World's Most Overhyped Retailer Misses Top Line

Tyler Durden's picture




 

All one can say is oops. That margin compression sure does suck:

  • Q4 EPS USD 0.91 vs. Exp. USD 0.88
  • Q4 net sales USD 12.95bln vs. Exp. USD 13.03bln
  • Net sales are expected to be between $9.1 billion and $9.9 billion, or
    to grow between 28% and 39% compared with first quarter 2010
  • Operating income is expected to be between $260 million and $385
    million

We have yet to see snow being blamed for the After Hour stock collapse

And a whole lot of momentum chasers got wiped out all over again. From Dow Jones earlier:

Amazon appears to have pre-earnings bullish bias. About 62,000 calls traded on online retailer Amazon.com, double its average daily volume against 40,000 puts near midday heading into its earnings after the closing bell, according to Trade Alert. "We are seeing a modest bid up in call premium and a reduction in the premium in puts," said Steve Place, a founder of investingwithoptions.com. "That indicates to us that the majority of call options were bought today and the majority of puts were sold. That's pretty bullish on today's morning price action." The busiest contract is the weekly $190 strike calls which expire this Friday with volume of 5,070 contracts, Trade Alert data show. Amazon options this morning are pricing in about a 6.4 percent post earnings move in the stock price based on the front month average of the $180 and $185 straddles, Place said. He notes the close-to- close movement historically for Amazon earnings is not that big but the maximum movement for the trading day is quite large.

Full release:

Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its
fourth quarter ended December 31, 2010.

Operating cash flow increased 6% to $3.50 billion for the trailing
twelve months, compared with $3.29billion for the
trailing twelve months ended December 31, 2009. Free cash flow decreased
14% to $2.52 billion for the trailing twelve months, compared with $2.92
billion for the trailing twelve months ended December 31, 2009.

Common shares outstanding plus shares underlying stock-based awards
totaled 465 million on December 31, 2010, compared with 461 million a
year ago.

Net sales increased 36% to $12.95 billion in the fourth quarter,
compared with $9.52 billion in fourth quarter 2009. Excluding the $139
million unfavorable impact from year-over-year changes in foreign
exchange rates throughout the quarter, net sales would have grown 37%
compared with fourth quarter 2009.

Operating income was $474 million in the fourth quarter, compared with
$476 million in fourth quarter 2009. The unfavorable impact from
year-over-year changes in foreign exchange rates throughout the quarter
on operating income was $18 million.

Net income increased 8% to $416 million in the fourth quarter, or $0.91
per diluted share, compared with net income of $384 million, or $0.85
per diluted share, in fourth quarter 2009.

"Thanks to our customers, we achieved two big milestones," said Jeff
Bezos, founder and CEO of Amazon.com. "We had our first $10 billion
quarter, and after selling millions of third-generation Kindles with the
new Pearl e-ink display during the quarter, Kindle books have now
overtaken paperback books as the most popular format on Amazon.com. Last
July we announced that Kindle books had passed hardcovers and predicted
that Kindle would surpass paperbacks in the second quarter of this year,
so this milestone has come even sooner than we expected - and it's on
top of continued growth in paperback sales."

Full Year 2010

Net sales increased 40% to $34.20 billion, compared with $24.51 billion
in 2009. The unfavorable impact from year-over-year changes in foreign
exchange rates throughout the year on net sales was $86 million.

Operating income increased 25% to $1.41 billion, compared with $1.13
billion in 2009. The unfavorable impact from year-over-year changes in
foreign exchange rates throughout the year on operating income was $28
million. In 2009, operating income was negatively impacted by a $51
million legal settlement.

Net income increased 28% to $1.15 billion in 2010, or $2.53 per diluted
share, compared with net income of $902 million, or $2.04 per diluted
share, in 2009.

Highlights

 

  • Amazon.com is now selling more Kindle books than paperback books.
    Since the beginning of the year, for every 100 paperback books Amazon
    has sold, the Company has sold 115 Kindle books. Additionally, during
    this same time period the Company has sold three times as many Kindle
    books as hardcover books. This is across Amazon.com's entire U.S. book
    business and includes sales of books where there is no Kindle edition.
    Free Kindle books are excluded and if included would make the numbers
    even higher.
  • The Company sold millions of third-generation Kindle devices with the
    new advanced paper-like Pearl e-ink display in the fourth quarter and
    the third-generation Kindle eclipsed "Harry Potter and the Deathly
    Hallows" as the bestselling product in Amazon's history.
  • The U.S. Kindle Store now has more than 810,000 books including New
    Releases and 107 of 112 New York Times Bestsellers. Over 670,000 of
    these books are $9.99 or less, including 74 New York Times
    Bestsellers. Millions of free, out-of-copyright, pre-1923 books are
    also available to read on Kindle.
  • Amazon added to its growing list of "Buy Once, Read Everywhere" Kindle
    apps, launching a Kindle app for Windows Phone 7. In addition, the
    Kindle for Android app was updated to enable users to buy, read and
    sync over 100 Kindle newspapers and magazines. All Kindle apps let
    customers "Buy Once, Read Everywhere"--on Kindle, Kindle 3G, Kindle DX,
    iPad, iPod touch, iPhone, Mac, PC, BlackBerry and Android-based
    devices. All Kindle apps are free and incorporate Amazon's Whispersync
    technology, which allows readers to seamlessly switch between devices.
    With Kindle Worry-Free Archive, books purchased from the Kindle Store
    are automatically backed up online in the Kindle library on Amazon
    where they can be re-downloaded wirelessly for free, anytime.
  • The Company announced Price Check for iPhone, a new price comparison
    app that provides shoppers an easy way to compare in-store prices with
    the low prices from Amazon.com and other online merchants. Shoppers
    can use the app to scan a barcode, snap a picture, or say or type a
    product name to instantly see online prices for that item. Over the
    Black Friday-Cyber Monday weekend, mobile shoppers used Price Check to
    look up prices over a million times. In December, shoppers used the
    app more than two million times to check prices.
  • North America segment sales, representing the Company's U.S. and
    Canadian sites, were $7.21 billion, up 45% from fourth quarter 2009.
  • International segment sales, representing the Company's U.K., German,
    Japanese, French, Chinese and Italian sites, were $5.74 billion, up
    26% from fourth quarter 2009. Excluding the unfavorable impact from
    year-over-year changes in foreign exchange rates throughout the
    quarter, sales grew 29%.
  • Worldwide Media sales grew 12% to $5.23 billion. Excluding the
    unfavorable impact from year-over-year changes in foreign exchange
    rates throughout the quarter, sales grew 13%.
  • Worldwide Electronics & Other General Merchandise sales grew 60% to
    $7.39 billion. Excluding the unfavorable impact from year-over-year
    changes in foreign exchange rates throughout the quarter, sales grew
    62%.
  • The Company launched Amazon.it, an Italian-language website offering
    customers a vast selection of books, DVDs, video games, music and
    consumer electronics at everyday low prices. Amazon.it's convenient
    services include Amazon Prime, the membership program with unlimited
    free guaranteed 2-3 day delivery at an annual fee of 9.99 Euros. The
    first product sold on Amazon.it was a Canon Pixma printer to a new
    Prime customer in Turino, Italy.
  • Amazon Web Services (AWS) announced lowered usage pricing on existing
    Premium Support offerings by 50% and added two new support plans to
    meet the needs of developers and enterprises of all sizes and
    technical ability. In addition to the existing Silver and Gold support
    plans, AWS now offers a Bronze support plan for $49 per month and a
    Platinum support plan that provides 15 minute response times and
    dedicated Technical Account Managers.
  • AWS achieved Level 1 Payment Card Industry (PCI) compliance,
    continuing its commitment to providing the security certifications
    developers and enterprises care about. Merchants and other service
    providers can now run their applications on AWS PCI-compliant
    technology infrastructure to store, process and transmit credit card
    information in the cloud.
  • AWS launched Elastic Beanstalk, an easy way for developers to quickly
    deploy applications to AWS and manage applications in the AWS cloud.
    Elastic Beanstalk automatically scales up and down as needed so
    developers don't need to worry about configuring their infrastructure
    requirements in AWS. Unlike existing application containers or
    "platform as a service" offerings that force developers to accept
    infrastructure decisions pre-determined by the vendor, Elastic
    Beanstalk allows developers to "open the hood" to tinker with the AWS
    resources powering their applications. AWS customers can now choose to
    have as much automation or as much control as they wish.

Financial Guidance

The following forward-looking statements reflect Amazon.com's
expectations as of January 27, 2011. Our results are inherently
unpredictable and may be materially affected by many factors, such as
fluctuations in foreign exchange rates, changes in global economic
conditions and consumer spending, world events, the rate of growth of
the Internet and online commerce and the various factors detailed below.

First Quarter 2011 Guidance

 

  • Net sales are expected to be between $9.1 billion and $9.9 billion, or
    to grow between 28% and 39% compared with first quarter 2010.
  • Operating income is expected to be between $260 million and $385
    million, or between 34% decline and 2% decline compared with first
    quarter 2010.
  • This guidance includes approximately $140 million for stock-based
    compensation and amortization of intangible assets, and it assumes,
    among other things, that no additional business acquisitions or
    investments are concluded and that there are no further revisions to
    stock-based compensation estimates.

A conference call will be webcast live today at 2 p.m. PT/5 p.m. ET, and
will be available for at least three months at www.amazon.com/ir.
This call will contain forward-looking statements and other material
information regarding the Company's financial and operating results.

These forward-looking statements are inherently difficult to predict.
Actual results could differ materially for a variety of reasons,
including, in addition to the factors discussed above, the amount that
Amazon.com invests in new business opportunities and the timing of those
investments, the mix of products sold to customers, the mix of net sales
derived from products as compared with services, the extent to which we
owe income taxes, competition, management of growth, potential
fluctuations in operating results, international growth and expansion,
the outcomes of legal proceedings and claims, fulfillment center
optimization, risks of inventory management, seasonality, the degree to
which the Company enters into, maintains and develops commercial
agreements, acquisitions and strategic transactions, and risks of
fulfillment throughput and productivity. Other risks and uncertainties
include, among others, risks related to new products, services and
technologies, system interruptions, government regulation and taxation,
payments and fraud. In addition, the current global economic climate
amplifies many of these risks. More information about factors that
potentially could affect Amazon.com's financial results is included in
Amazon.com's filings with the Securities and Exchange Commission
("SEC"), including its most recent Annual Report on Form 10-K and
subsequent filings
.

Our investor relations website is www.amazon.com/ir
and we encourage investors to use it as a way of easily finding
information about us. We promptly make available on this website, free
of charge, the reports that we file or furnish with the SEC, corporate
governance information (including our Code of Business Conduct and
Ethics), and select press releases and social media postings.

 

 

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Thu, 01/27/2011 - 17:09 | 910601 LongSoupLine
LongSoupLine's picture

Down periscope, prepare for dive.

Thu, 01/27/2011 - 17:11 | 910615 whatsinaname
whatsinaname's picture

Where is the bald guy who runs this warehouse ?

Did I just see him duck to go and get a cold one ?

Thu, 01/27/2011 - 17:23 | 910686 Ray1968
Ray1968's picture

Gold is down 7% YTD. Amazon down 10.5% in 30 seconds.

Which would you rather own??

Thu, 01/27/2011 - 17:26 | 910711 SheepDog-One
SheepDog-One's picture

I decide what I want to own by looking at what escaping dictators pile on their plane...and its not Wall St paper or SPY futures.

Thu, 01/27/2011 - 17:32 | 910748 Dr. No
Dr. No's picture

Gold is not just for dictators!  It is also for wanna be/future world dominators like myself.

Thu, 01/27/2011 - 17:38 | 910772 Cleanclog
Cleanclog's picture

+10

Thu, 01/27/2011 - 19:38 | 911271 Rahm
Rahm's picture

In a completely unrelated note, Interpol has just released a red notice for Dr. No. 

Thu, 01/27/2011 - 17:38 | 910776 william the bastard
william the bastard's picture

Wouldn't model my behavior on dictators that need to escape their homeland.

Thu, 01/27/2011 - 17:46 | 910808 SheepDog-One
SheepDog-One's picture

Oh you wouldnt? Well keep buying the fuckin dip on bullshit Wall St paper then!

Thu, 01/27/2011 - 20:52 | 911518 ColonelCooper
ColonelCooper's picture

Holy Shit Batman!!  You are one of my favorite dudes on this whole site, so you have to listen to me:

If your job isn't one of those that requires peeing in a cup every so often, you need to find a giant fatty and some Zac Brown or Gordon Lightfoot or the like....

If it is, you need three (no less) double shots of Maker's Mark, followed by a consistant oral drip of whatever the Hell is your favorite....

Shit is really starting to get real.  Toss em back while you can...

Thu, 01/27/2011 - 20:57 | 911543 ColonelCooper
ColonelCooper's picture

You are absolutely right William!  Most dictators got where they are because they have lower than average intelligence.

Oh.. Were you talking Moral Authority and a conscience thing???  Hope you got some stout effing walls and a ton of money (gold or silver) to pay your Blackwater types.  No?  Maybe you should Google "cuckold".

Thu, 01/27/2011 - 23:56 | 911997 william the bastard
william the bastard's picture

""Maybe you should Google "cuckold".""

Why? They show your face there?

Thu, 01/27/2011 - 18:37 | 911008 Fazzie
Fazzie's picture

 Hey thats a great idea for a new indicator.

 The DDI (deposed dictator index)!

 Its breaking out for sure!

Thu, 01/27/2011 - 17:33 | 910753 Michael
Michael's picture

Priceless! And fore everything else, there's Mastercard.

Thu, 01/27/2011 - 18:49 | 910992 whatz that smell
whatz that smell's picture

this very moment the forces of evil are conferenced and plotting the next leg up. buy the hot-chick-from-ipanema dip, bitchez!

Thu, 01/27/2011 - 17:33 | 910754 tmosley
tmosley's picture

I wonder if Harry or Robo got out?

I'm sure they will tell us they did, from the public terminals in their respective welfare offices.

Thu, 01/27/2011 - 17:38 | 910774 SheepDog-One
SheepDog-One's picture

Oh surely we'll hear tomorrow about how luckilly their super intelligent brains told them to sell before the drop. Rear view mirror trading those guys do is the best!

Thu, 01/27/2011 - 18:44 | 911031 Fazzie
Fazzie's picture

 Cramer will go to his default "bad call after furious pumping" defense, IE, the market got it wrong, he was and is still right. The market only gets it right when running momo stocks to ridiculous PEs during depressions, it seems.

Thu, 01/27/2011 - 17:40 | 910785 DonnieD
DonnieD's picture

They sold at the peak and then went short. Obviously.

Thu, 01/27/2011 - 17:09 | 910602 outamyeffinway
outamyeffinway's picture

Life without Amazon, would be terrible!

Thu, 01/27/2011 - 17:13 | 910631 whatsinaname
whatsinaname's picture

Will the bearded bald guy help out the clean shaven bald guy ?

Are they at the warehouse hatching out a rescue plan ?

Thu, 01/27/2011 - 17:10 | 910605 TruthInSunshine
TruthInSunshine's picture

They couldn't even make NET SALES on low expectations in a direct, mainlined Ben Bernank HOPIUM infused world?

WTF

Thu, 01/27/2011 - 17:25 | 910701 SheepDog-One
SheepDog-One's picture

Whats next, mega steroid infused MLB players striking out at T-Ball??
WTF! And I dont mean Barrys new slogan initials.

Thu, 01/27/2011 - 17:27 | 910719 william the bastard
william the bastard's picture

AMZN up 315% since nov 2008. Gold up 71%

Thu, 01/27/2011 - 17:42 | 910793 JP McManus
JP McManus's picture

Were you buying AMZN in Nov 08?  Because I was buying gold.

Thu, 01/27/2011 - 17:48 | 910814 william the bastard
william the bastard's picture

Neither. Bought Dana Corp (DAN) and Amer Axle (AXL) then.

Thu, 01/27/2011 - 18:45 | 911038 ElvisDog
ElvisDog's picture

Yeah, that's funny. The very definition of cherry-picking data points. I've got better things to do, but I'm pretty sure I can pick another date that shows gold far outperforming AMZ.

Thu, 01/27/2011 - 18:48 | 911065 Clockwork Orange
Clockwork Orange's picture

This is bad.  At least the Bald Bearded guy is still behind the curtain - the P/E will surely only get whacked from 75 to 68 or so ... phew.

Thu, 01/27/2011 - 17:12 | 910610 whatsinaname
whatsinaname's picture

Who is the bald guy who runs this warehouse ? Did he lose some more of his hair ?

Thu, 01/27/2011 - 17:15 | 910637 Phineas Gage
Phineas Gage's picture

Accurate way of looking at it.

Thu, 01/27/2011 - 17:11 | 910612 The Axe
The Axe's picture

This is a shock, that is a bad number, on a over-hype stock...Is all the heloc money used up, ???

Thu, 01/27/2011 - 17:12 | 910618 NOTW777
NOTW777's picture

so that was christmas. dont worry cnbc set to ask bill c how he landed monica

Thu, 01/27/2011 - 17:15 | 910636 TruthInSunshine
TruthInSunshine's picture

Too much snow & cold weather made shopping on Amazon difficult.

Thu, 01/27/2011 - 17:17 | 910648 SpeakerFTD
SpeakerFTD's picture

LOL LOL LOL

Thu, 01/27/2011 - 18:22 | 910969 Drachma
Drachma's picture

+1

Thu, 01/27/2011 - 18:39 | 911019 Yancey Ward
Yancey Ward's picture

And don't forget that it was a short December this year.

Thu, 01/27/2011 - 17:12 | 910620 besodemuerte
besodemuerte's picture

People buy their iProducts from Apple.com rather than Amazon.com, shame.  Oh well, we still have NFLX and APPL to keep us company in the upper atmosphere.

Thu, 01/27/2011 - 17:15 | 910639 unwashedmass
unwashedmass's picture

 

well, what a surprise! i mean, just cause the peasantry has no money left....what's wrong with these guys -- don't they know about the changes in FASB....they should have just bought a few crates of MBS (they could have gotten those ones the banks are trying to burn in Delaware for pennies)....

and say they have assets worth two or three billion. whatever they needed to generate the blowout...

what's wrong with Jeff? Doesn't he read the papers?

Thu, 01/27/2011 - 19:32 | 911241 HarryWanger
HarryWanger's picture

AAPL is very cheap here relatively speaking. Whenever I hear people mention AAPL in the same breath as NFLZ or AMZN, I have to laugh. If it weren't for the Jobs uncertainty, AAPL would be knocking on 400/share right now. Even MSFT said the iPad is eating into their sales. 

Thu, 01/27/2011 - 20:18 | 911400 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

OMG Harry you bring out the worst in me.  I wrote you into a kids show.  You were trying to get investors into a van with some candy apples, and then I though, 'Oh yeah, HarryfuckinWanger is a made up character by some dude with too much time on his hands.

Thu, 01/27/2011 - 20:15 | 911404 Hedgetard55
Hedgetard55's picture

AAPL is done, Harry. Stick a fork in it. Better take profits while you can. I see a flash crash in it's very near future.

Thu, 01/27/2011 - 22:16 | 911726 ColonelCooper
ColonelCooper's picture

When I buy shit from Apple, it is 100% frivolous.  When I buy shit from Amazon it generally is :

- Books

- Canned goods in flats like Tuna or Peanut Butter, most any dry goods/canned groceries/occasional grain buckets/oil/etc....

 

I live in a very rural area, one where it takes two and a half hours one way to get to a big box store. Amazon has always been: fair, lightening quick shipping, larger selection, good volume pricing etc.  

I would really hate to see them go down the shitter. 

Fri, 01/28/2011 - 00:03 | 912014 pods
pods's picture

I would hate to see them go down as well.  Royal Purple oil in a 5 gallon pail for $118 with free shipping, you can't beat that with a stick.

pods

Thu, 01/27/2011 - 22:22 | 911747 tmosley
tmosley's picture

You are now HarareWanger.

You can buy some AAPL at $500000

Fri, 01/28/2011 - 10:37 | 912666 Plainview
Plainview's picture

I like the way you polish up Jobs as much as possible.

It's not an "uncertainty" - it's that he's probably going to die and the company is a turd without him. If you think some Joe Schmoe could stand on the stage, flip out an iPad and that people will trust him enough to splurge $500 on it you're crazy and you're underestimating the brand of Jobs which is actually, bizarrely, superior to that of Apple. People inherently trust him and buy his enthusiasm and evangelistic urging as legitimate. That is not a feat easily repeated. When he's gone they will revert to type and bring products to market that should never have made it that far. 

Thu, 01/27/2011 - 17:13 | 910622 erik
erik's picture

Let me be the first to say that my hometown companies have really done their jobs so far this earnings season:

F5 Networks

Coinstar

Microsoft

Amazon

All down...

Thu, 01/27/2011 - 17:23 | 910688 TruthInSunshine
TruthInSunshine's picture

Don't forget about Boeing's new Spruce Goose.

Thu, 01/27/2011 - 17:27 | 910718 SheepDog-One
SheepDog-One's picture

LOL, awesome comment.

Thu, 01/27/2011 - 17:43 | 910796 erik
erik's picture

Unfortunately, we can't claim Boeing anymore since they moved the headquarters to Chicago.  However, we can add Starbucks to the list.  We'll just have to see if Costco can break the Seattle negativity. 

Thu, 01/27/2011 - 17:58 | 910864 TruthInSunshine
TruthInSunshine's picture

This is why Kurt Cobain committed suicide.

Thu, 01/27/2011 - 18:17 | 910944 erik
erik's picture

In life you're a rock star, in death you're a rock legend.

Thu, 01/27/2011 - 20:15 | 911402 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Kurt Cobain is a rock Godd.

Thu, 01/27/2011 - 22:20 | 911743 ColonelCooper
ColonelCooper's picture

Honestly?  This might be the first time I've ever though to just flat ass argue with you, but HONESTLY????

Nirvahna's shit was pretty good but, "Rock Godd?"  Honestly???

Thu, 01/27/2011 - 23:08 | 911871 TruthInSunshine
TruthInSunshine's picture

He was no Robert Plant, but for a three chord band, they and Kurt were pretty good. They tapped into a generational psyche.

They also helped to define the Seattle sound that Pearl Jam, and especially, Soundgarden, helped define/refine, too.

Fri, 01/28/2011 - 00:06 | 912018 pods
pods's picture

Well when we are rioting later this year, why not have "Smells like teen spirit" playing in the background?

pods

Fri, 01/28/2011 - 02:39 | 912183 TruthInSunshine
TruthInSunshine's picture

May I suggest 'Rape Me' as more appropriate?

Fri, 01/28/2011 - 02:31 | 912179 Rogerwilco
Rogerwilco's picture

Is that what they call it when a guy gets offed by his wife with help from his manager?

Thu, 01/27/2011 - 18:37 | 911006 mynhair
mynhair's picture

Oh, for the return of Ranier Beer......

Thu, 01/27/2011 - 17:14 | 910624 Cognitive Dissonance
Cognitive Dissonance's picture

First I screw up on Netflix when the monthly fee is denied by my TBTF credit card bank and destroys their revenue numbers. Now I forget to order that 125 volume set of Encyclopedia Britannica with the Corinthian leather bindings and the Gilded Edges for Christmas and Amazon goes down for the count.

May bad.....again....folks. Sorry! 

Thu, 01/27/2011 - 17:21 | 910672 I Am The Unknow...
I Am The Unknown Comic's picture

damnit CD!  Didn't you learn anything at Waddell and Reed?

Thu, 01/27/2011 - 17:25 | 910696 Cognitive Dissonance
Cognitive Dissonance's picture

<eyes averted and shoulders slumped, CD studiously examines his shoe laces before answering>

Unfortunately I flunked Waddell and Reed. But I'll make it up. I promise.

Thu, 01/27/2011 - 17:28 | 910721 Agent P
Agent P's picture

Groundhog Day...you'd better select expedited shipping.

Thu, 01/27/2011 - 17:13 | 910627 lettuce
lettuce's picture

amaz0wn3d

Thu, 01/27/2011 - 17:13 | 910628 azengrcat
azengrcat's picture

Snow prevented people from shopping online... oh wait.

Thu, 01/27/2011 - 17:15 | 910634 Ragnarok
Ragnarok's picture

- 10%

Thu, 01/27/2011 - 17:15 | 910638 whatsinaname
whatsinaname's picture

Bezos ran short of a few Pezos ?

Thu, 01/27/2011 - 17:22 | 910679 spongeBOB
spongeBOB's picture

Netflix users were hoggin the bandwidth..

Thu, 01/27/2011 - 17:16 | 910640 whatsinaname
whatsinaname's picture

Bezo now looks like Bozo ?

Thu, 01/27/2011 - 17:17 | 910646 Jason T
Jason T's picture

too bad I'm only short 50 shares of this POS.

Thu, 01/27/2011 - 17:17 | 910647 monkeyfaction
monkeyfaction's picture

The GDP figures better be good tomorrow. Hell, there might even be a dip.

Thu, 01/27/2011 - 17:36 | 910766 Robert Neville
Robert Neville's picture

Why would you think anything this government says is true?

Thu, 01/27/2011 - 17:17 | 910649 slewie the pi-rat
slewie the pi-rat's picture

with the AWS ealstic beanstalk now in play, i can relate...

Thu, 01/27/2011 - 17:18 | 910652 sabra1
sabra1's picture

they should use the same recipe that netflix uses to manipulate profits! 

Thu, 01/27/2011 - 17:18 | 910655 Agent P
Agent P's picture

If only they made another $0.5B in sales they would have qualified for Free Super Saver Shipping!

Thu, 01/27/2011 - 17:18 | 910657 spongeBOB
spongeBOB's picture

WTF does this mean?

"Excluding the $139 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 37% compared with fourth quarter 2009."

Thu, 01/27/2011 - 17:25 | 910704 Agent P
Agent P's picture

It's kind of like if you exclude the fact that I'm fat, bald and ugly, I would be quite a hit with the ladies.

Thu, 01/27/2011 - 17:38 | 910775 Robert Neville
Robert Neville's picture

I got the FBU problem myself but I can still impress the ladies with the size of my ...... wallet

Thu, 01/27/2011 - 18:38 | 911013 Quantum Nucleonics
Quantum Nucleonics's picture

It means they lost a sh*t load of money on foreign currency, but they want you to pretend they didn't.  The dollar strengthened a bit during the quarter, but  rules on foreign currency accounting are mindbogglingly complex so no telling if that's the reason.

Thu, 01/27/2011 - 17:19 | 910659 Harry Hotspur
Harry Hotspur's picture

Looks pretty good to me: Net sales increased 40% to $34.20 billion, compared with $24.51 billion in 2009. 

Thu, 01/27/2011 - 17:21 | 910670 SheepDog-One
SheepDog-One's picture

Better than mega bubble credit year of 2009? This is a flat out lie.

Thu, 01/27/2011 - 17:19 | 910660 NOTW777
NOTW777's picture

SNDK halted? why?

Thu, 01/27/2011 - 17:22 | 910683 Cognitive Dissonance
Cognitive Dissonance's picture

Mainframe hard drive over heated. Time to get the industrial fans fired up and cool down that SNDK.

Thu, 01/27/2011 - 17:24 | 910692 NOTW777
NOTW777's picture

or someone wants an unfair advantage before the sheep get there

Thu, 01/27/2011 - 17:26 | 910712 Cognitive Dissonance
Cognitive Dissonance's picture

You're probably closer to the truth than I am. But I have more fun. :>)

Thu, 01/27/2011 - 18:19 | 910954 NOTW777
NOTW777's picture

LOL - just got back in and see its down a penny - what the?

Thu, 01/27/2011 - 21:58 | 911692 Hephasteus
Hephasteus's picture

Rage at the machine has consequences.

http://www.youtube.com/watch?v=tDacjrSCeq4

Thu, 01/27/2011 - 17:19 | 910663 Jasper M
Jasper M's picture

(*chortle*) I shorted this pig a few weeks ago. Their main hope for growth (IMO) is AWS – and they did incalculable damage to that brand's rep when they chose to stooge for the Feds re banishing WikiLeaks. I mean, WHO in that world is Ever going to forget that?

Being proved right is nice. Getting such vindication promptly is Priceless

Thu, 01/27/2011 - 17:23 | 910669 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

They missed earnings because of Wikileaks hosting subscription cancellation. Good one Julian.

 

Of topic, What the f**k is happening with WTIC?

Thu, 01/27/2011 - 17:21 | 910674 max2205
max2205's picture

How much POMO / Taxpayer money is being used right now to hold the bid on SPY AMZN IWM?

Thu, 01/27/2011 - 17:21 | 910675 cheesewizz
cheesewizz's picture

 Looks like a Buy right here, you know the dip thing....

Thu, 01/27/2011 - 17:22 | 910682 Rockfish
Rockfish's picture

LG's miss was a tell. Happy meal toys up.

Thu, 01/27/2011 - 17:25 | 910684 Ray1968
Ray1968's picture

.

Thu, 01/27/2011 - 17:23 | 910687 blackbox
blackbox's picture

this certainly helps explain why they chose to <ahem> accidentally release the msft numbers during market hours. they sure as hell weren't going to <ahem> accidentally release this steaming pile of amashit

Thu, 01/27/2011 - 17:24 | 910689 wswarrior
wswarrior's picture

It was down over 15% in after hours following its earnings in August and it rebounded to close almost flat the next day.  This stock is a complete joke and totally manipulated.  It's margins have been deteriorating for several quarters yet the stock refuses to roll over.  

Thu, 01/27/2011 - 18:12 | 910923 whatz that smell
whatz that smell's picture

the unlevel playing field just got leveled!!!

Thu, 01/27/2011 - 17:24 | 910690 max2205
max2205's picture

Just saw Cramers balls roll down the escalator. How do I know? They were angry and bald

Thu, 01/27/2011 - 17:25 | 910694 cheesewizz
cheesewizz's picture

500@170

Thu, 01/27/2011 - 18:09 | 910911 Ludwig Van
Ludwig Van's picture

 

Congratulations, courage and good luck!

 

Thu, 01/27/2011 - 17:25 | 910697 blackbox
blackbox's picture

sndk opening down

Thu, 01/27/2011 - 17:25 | 910699 Manny
Manny's picture

If you are long this stock don't worry. In a week the price of the stock will exceed todays closing.

Not based on fundametals or technicals but based on the pure magic of the stock markets!

Thu, 01/27/2011 - 17:36 | 910723 plocequ1
plocequ1's picture

Thank you, Nothing to see here. The magic of the machine will bring Amzn back to 180. Sometimes we get carried away thinking the market are traded by actual people.

Thu, 01/27/2011 - 17:41 | 910790 SheepDog-One
SheepDog-One's picture

Theyve now got the bulls perfectly trained, conditioned to believe no matter what, their stock will always go up.

Thu, 01/27/2011 - 18:47 | 911059 Rainman
Rainman's picture

right.....the best tricks are always the oldest ones in the book, huh ?

Thu, 01/27/2011 - 17:26 | 910706 max2205
max2205's picture

Opps pcln NFLX CMG rolling over here

Thu, 01/27/2011 - 17:26 | 910709 TWORIVER
TWORIVER's picture

Head and Shoulders Top on break of 173, tomorrow will be interesting. Same chart as Silver made.

Thu, 01/27/2011 - 17:26 | 910710 Logans_Run
Logans_Run's picture

Wait Harry said everything was great and that people were buying again in force?

Thu, 01/27/2011 - 17:27 | 910716 TruthInSunshine
TruthInSunshine's picture

The urinal cake market is very saturated.

Thu, 01/27/2011 - 17:30 | 910737 SheepDog-One
SheepDog-One's picture

Well, thats Harry's sales of soap dishes and urinal cakes to low rate chain motels. Not really a big deal.

Thu, 01/27/2011 - 17:45 | 910803 TruthInSunshine
TruthInSunshine's picture

Harry's best client is the Roach Motel.

Thu, 01/27/2011 - 22:27 | 911762 ColonelCooper
ColonelCooper's picture

Harry sells old fashioned enema supplies and rectal thermometers.  You know?? The type where Gramma used to beg Grampa, "take my temperature, you old faggot!!!"

You know, those twelve inch long, half inch thick thermomoeters that look like an uncut goat at the end...

 

Thu, 01/27/2011 - 22:29 | 911767 ColonelCooper
ColonelCooper's picture

And BTW..  If you can't at least get a chuckle out of the uncut goat part, you need your temperature taken.

That's funny shit I don't care who you are.

Thu, 01/27/2011 - 17:26 | 910714 TruthInSunshine
TruthInSunshine's picture

I am 100% confident there is no attempt by the PPT or any other government actor(s) to manipulate these markets or investor confidence in them.

 

Thu, 01/27/2011 - 17:29 | 910727 LoneStarHog
LoneStarHog's picture

Okay, Elvis.  Head back to the 7-Eleven and have another Slurpie.

Thu, 01/27/2011 - 17:28 | 910724 buzzsaw99
buzzsaw99's picture

NFLX & AMZN sport a P/E > 75 because they pay zero dividend bitchez! crAAPL to 1200!!

Thu, 01/27/2011 - 17:29 | 910735 digalert
digalert's picture

Bummer dude, I like AMZN. Ordered a floor jack on Tues and recieved it Wednesday.

Thu, 01/27/2011 - 23:15 | 911894 TruthInSunshine
TruthInSunshine's picture

digalert, I like Amazon and their service, their prices and their model, too.

Having said that, as an investor, I liked them a whole lot more when their shares traded at $50 on 1/29/2009, which was 24 months ago.

They seem a little (or A LOT) rich, now.

But you know, Goldman Sachs and Cramer say buy now, so...

Thu, 01/27/2011 - 17:30 | 910739 raya123
raya123's picture

Guess what causes margin compression? Inflation. What has caused inflation? QE and QE2. The Fed's tool for pushing the market higher is now starting to backfire on the permabulls.

Thu, 01/27/2011 - 17:33 | 910755 snowball777
snowball777's picture

How's your "wealth effect" now, bitch?

Thu, 01/27/2011 - 17:33 | 910750 Me XMan
Me XMan's picture

Bailout coming.

Thu, 01/27/2011 - 17:41 | 910758 Alcoholic Nativ...
Alcoholic Native American's picture

Are you shitting me? I just bought a kindle, this thing rocks. Yea, I bootleg all the books, but I love it.

Also bought the 60 dollar leather case. Well worth it people. I say we get one of these in every classroom.

I wish I would have had one of these as a kid, and if I had any, this is definitely what I would get them.

Thu, 01/27/2011 - 17:38 | 910765 ebworthen
ebworthen's picture

 

I dumped Amazon completely when I found out they were selling a book by a Pedophile on how to seduce young children of both sexes.

On hearing complaints from Parents and child advocates, one of Amazon's execs said they were "free to sell what they wanted."

I called up and had them delete my ten year old account, reviews, information, and have severed from them for life because I am free to not buy from reptiles.

Cheers Amazon, you couldn't die soon enough for me.

 

Thu, 01/27/2011 - 17:39 | 910779 tmosley
tmosley's picture

They had a how to book for going into politics?

Damn, that's bad, man.

At least they didn't have a how to start your own central bank book.

Thu, 01/27/2011 - 17:45 | 910804 aheady
aheady's picture

5 stars!

Thu, 01/27/2011 - 17:53 | 910841 Calculated_Risk
Calculated_Risk's picture

At least they didn't have a how to start your own central bank book.

I believe that would be Interview With A Vampire..

Thu, 01/27/2011 - 21:52 | 911673 Hephasteus
Hephasteus's picture

He shoots. He SCORES!!!!

Thu, 01/27/2011 - 18:00 | 910873 TruthInSunshine
TruthInSunshine's picture

The Creature From Jekyl Island on Kindle?

 

FTMFW!!!

Thu, 01/27/2011 - 17:43 | 910798 zebra
zebra's picture

that's disgusting...

 

Thu, 01/27/2011 - 17:38 | 910777 blackbox
blackbox's picture

Step aside crappy business model - more turds coming through!

LinkedIn has just filed its IPO

Thu, 01/27/2011 - 17:40 | 910783 Yen Cross
Yen Cross's picture

 It was those wikileaks servers.

Thu, 01/27/2011 - 17:40 | 910784 zebra
zebra's picture

where is my blow-out online Xmas shopping?

 

Thu, 01/27/2011 - 17:43 | 910794 TruthInSunshine
TruthInSunshine's picture

Did Goldman put Amazon on its 'CONviction buy list' at 3:30 pm today?

Thu, 01/27/2011 - 17:44 | 910797 Alcoholic Nativ...
Alcoholic Native American's picture

THIS IS BULLSHIT

kindle 3 rocks, too bad the majority of the population are retards and don't read.

Thu, 01/27/2011 - 17:48 | 910811 Yen Cross
Yen Cross's picture

 Yep, and I'll trade against retards ALL DAY.

Thu, 01/27/2011 - 17:48 | 910815 SheepDog-One
SheepDog-One's picture

I got a Kindle for Christmas, looked it over, then took it out back and shot it with 00 buck 12 guage.

Thu, 01/27/2011 - 18:17 | 910946 Ludwig Van
Ludwig Van's picture

Junked @ sentiment. No offense.

Thu, 01/27/2011 - 18:20 | 910962 Ted Celeste
Ted Celeste's picture

Hilarious!  SheepDog - thanks for the comment, and your good stuff, as always.

It's been said before on this site and the point is dead-on: why trust an electronic book, of which the content could be deleted/edited at any time?

Perhaps the kindle has value as a tool to receive disposable information (i.e., "news").  However, it shouldn't be trusted to hold literature or other valued writings on.

Thu, 01/27/2011 - 22:36 | 911788 ColonelCooper
ColonelCooper's picture

My daughter (11) came to me with a "list of Kindle Shit" she wanted for Christmas last year.  I bought her a half a dozen books (she always has a wish list of books...both kids do...it might actually be the only thing I'm not curmudgeonly about..., free pass type of thing to to her weekly reader, buy your Nancy Drew, Guiness Book at school etc, and reminded her she has a library card.

Lately, I've been long Michener Bitchez!!!

Thu, 01/27/2011 - 17:49 | 910820 BORT
BORT's picture

The stock price decline is not a reflection of whether they delivery a good product at a competitive price.  That has never been reflected in their stock price. 

Thu, 01/27/2011 - 18:02 | 910872 Alcoholic Nativ...
Alcoholic Native American's picture

LOL, i know, I'm just letting everyone know the kindle 3 rocks, for those people that are used to reading novels. I'm not even invested in the stock market, I could give a fuck if Al-Qaeda ran a plane straight into that shit.

Thu, 01/27/2011 - 17:48 | 910817 LehmanRefugee
LehmanRefugee's picture

Does this mean that the widely circulated report of strong double digit growth in online holiday sales as sign of the recovering economy were bullshit?

Thu, 01/27/2011 - 17:48 | 910818 pat53
pat53's picture

And QID is up a whopping ........ nickel !!   LOL  Sorry bears, see ya at SPX 1350 in a month

Thu, 01/27/2011 - 17:58 | 910866 ZeroHour
ZeroHour's picture

Maybe Amazon and company should have ordered this book from their own site:

Cooking the Books for Dummies (1st Edition) How to Cook (the books) for Fun and Profit [Paperback]
Author: Jamie Dimon

List Price:      $800 billion (gold please, no FRN's)
Price:     pennies on the dollar & eligible for FREE Super Saver Shipping on orders over $25. Details
You Save:     nothing. nada. period.

In Stock.
Ships from and sold by Amazon.com. Gift-wrap available.

Product Details

    * Paperback: 42 pages
    * Publisher: Feds Books are Junk LLC; 1st edition (March 15, 2008)
    * Language: Dimonease
    * ISBN-10: 1111111111
    * ISBN-13: 111-1111111111
    * Product Dimensions: 9 x 6 x 0.1 inches
    * Shipping Weight: 3.2 ounces (View shipping rates and policies)
    * Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
      2 Reviews
      5 star:            (2)
      4 star:           (0)
      3 star:            (0)
      2 star:            (0)
      1 star:            (0)

      › See both customer reviews...
    * Amazon Bestsellers Rank: #3,372,916 in Books (See Top 100 in Books)

 5.0 out of 5 stars  
Kindle Review: Interesting: CookTheBooks, Especially for Vegans & NWO leaders..., March 15, 2008
By
The Bernank (NYC) - See all my reviews
Amazon Verified Purchase(What's this?)
I enjoyed this excellent book.  Very relevent information for the struggling business leader.

 5.0 out of 5 stars  
By
Timmy (NYC, again) - See all my reviews
Amazon Verified Purchase(What's this?)
I bought this book based on what my friend said.  He was right.  This is a very good reference on how to cook your books.  I recommend this to any would-be-Fed book-cooker.

Thu, 01/27/2011 - 22:41 | 911798 ColonelCooper
ColonelCooper's picture

I give 4 stars for effort, 3 stars for content, 3 and one half total stars brings ZeroHour back next week for the SemiFinals!!!!

The Crowd Goes Wild!!!!

Thu, 01/27/2011 - 18:01 | 910878 firstdivision
firstdivision's picture

HARRY, IT'S DIPING!!! FUCKING HURRY UP, IT'S A FIRE SALE!!!!

Thu, 01/27/2011 - 18:14 | 910934 whatz that smell
whatz that smell's picture

unleash the squiddies! this is a sure 20 bagger fer sure!

Thu, 01/27/2011 - 18:02 | 910885 irishlink
irishlink's picture

Oh hell. Not a bit surprised, Have  bought a handfull of books in 2010 that were obsolete by the time they were delivered. If you buy fiction all the time, you are ok? but I am now going to my local librabry for current lititure and the net for current news, politics ,and policy. Listining to the RTE News as I write this, and am  horified . The overall theme is we are going to be stuck with this horrible interest rate and we will be forced to burn bond holders. We are in seriously bad shape and the hiding game is over. We go rouge BIG TIME or we kill our economy and screw our people BIG TIME. What would the rational person advocate?

Thu, 01/27/2011 - 18:04 | 910893 Alcoholic Nativ...
Alcoholic Native American's picture

Sarah Palin's Going Rogue, New York Times best seller.

Thu, 01/27/2011 - 23:48 | 911974 TheSettler
TheSettler's picture

Oh no were going Rouge...lol

 

Thu, 01/27/2011 - 18:02 | 910889 Bill Lumbergh
Bill Lumbergh's picture

I would like to say I am surprised but I am not...so many of these stocks are over-extended that any hiccup will cause a decent sell-off...of course what happens tomorrow whether there will be another stick-save is another discussion.

Thu, 01/27/2011 - 18:25 | 910982 Ludwig Van
Ludwig Van's picture

 

Seven to 9 billion POMO scheduled for tomorrow -- a sum adequate for welfare traders to yank into the weekend and still leave the indices only slightly red.

 

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