Amazon Misses, Forecasts Inverse Profit
Another epic retail disappointment:
- AMAZON.COM 2Q EPS 1C, EST. 3C
- AMAZON.COM 2Q SALES $12.83B, EST. $12.90B
And the kicker, proving that the company has finally gone "inverese" profit:
- AMZN SEES 3Q OPER LOSS $50M-$350M, EST. PROFIT $119.6M - yes, negative
- AMZN SEES 3Q NET SALES $12.9B-$14.3B, EST. $14.11
Mario Draghi promises that whatever AMZN loses in profit, it will make up in volume: "beleeeeve me." In other news, the US consumer is fine.