Earnings Reality Bites

Tyler Durden's picture

UPDATE: FB -17%, AMZN -0.5%, SBUX -5.3%

A quick run-down of this evening's catastrophe among the sweetheart hope stocks. From Facebook, Amazon, and Starbucks - not pretty. Top line misses, earnings misses, and outlook guides down... FB -13%, AMZN -2% (was -6%), SBUX (-6%). Via Bloomberg...

  • *FACEBOOK 2Q COSTS/EXPENSES $1.93B MOSTLY ON SHR BASED COMP
  • *FACEBOOK 2Q ADJ. EPS 12C, GAAP LOSS 8C-SHR
  • *AMAZON.COM 2Q EPS 1C, EST. 3C
  • *AMAZON.COM 2Q SALES $12.83B, EST. $12.90B 
  • *AMZN SEES 3Q NET SALES $12.9B-$14.3B, EST. $14.11B
  • *STARBUCKS 3Q EPS 43C, EST. 45C; FORECAST CUT, SHARES FALL
  • *STARBUCKS TARGETS FY13 EPS $2.04-$2.14, EST. $2.28 
  • *STARBUCKS SEES 4Q EPS 44C-45C, SAW 46C-48C, EST. 48C

But have no fear - Draghi and Bernanke have our backs... so why are all the CEOs cutting outlooks? Don't they 'believe'?

Facebook...

 

Starbucks...

Amazon...

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Concentrated power has always been the enemy of liberty.'s picture

Zucked Earnings, Bitches!

AlaricBalth's picture

FACEPLANT!!! Down 9% afterhours.   Monetize this... Marky.

ACP's picture

It's almost as though Draghi knew how bad earnings would be today......

(not that they haven't been horrid so far)

Mr Lennon Hendrix's picture

Good thing Tyler lost some credibility pumping Biderman, otherwise this post would look like Tyler knew who to publsih, like not guys that go long FB.

Way to go Tyler.  Not only do you post idiot Biderman relentlessly, you also post Junjauh, and other such idiot bears.  Your blog is a snowflake, buddy.

smlbizman's picture

down goes biderman..down goes biderman...

withnmeans's picture

CNBC has a totally different look on things, and that Big PUKE Gartman will one day come to eat crow.

Super Mario will have an end like Mussolini, just a matter of time. His Italian brothers will deal with him.

"This caught me completely off guard," admits esteemed investor Dennis Gartman on CNBC's Fast Money Halftime Report.

Draghi pledged to do whatever necessary to save the euro. "And believe me, it will be enough," he said.

"Immediately I sold some of my short positions," Gartman explains. "And after comments like that, you can't cover fast enough."

 

I just can't laugh enough "And believe me, I can't quit laughing".

luna_man's picture

 

 

"MR Lennon Hendrix"...

 

Stick around, it's too early for you to be slinging so much SMACK!

 

Remember...He who laughs last, laughs the loudest!...By the way, I happen to think "Biderman" is one of the better analyst...As for MY MAIN MAN, none better!!

Mr Lennon Hendrix's picture

Too early?  Biderman said he would buy the IPO and then he went and put it on his conviction buy list at 31.  Biderman's logic is "Rahrah rahr rah!  Buy facebook!"  What a fucking genius!

smlbizman's picture

he bragged that he bought it for 30.00....than recently smiled cause he was up 5%....i dont know if he had a brain fart or what....but even a nobody no nothing like me knew it was just a churn....i have never ever saw a stock pararded around like that before...but it was the same as groupon, gm, et. al. jokes,...so how he fell for it i dont know...but we all fuck up so.....

Mr Lennon Hendrix's picture

Vey, maybe if we move to Sausalito and tell everyone the obvious things about the economy but to buy fb Tyler will publish our work.

DoChenRollingBearing's picture

@ veyron, Mr Lennon Hendrix

+ 1, nice!

veyron's picture

(10%) = -10% in most financial reports ...

Buck Johnson's picture

I don't know if any of  you are logged in to comment on CNBC, but I've noticed something.  I've been trying to comment on that site and it's increasingly having technical trouble and won't let you comment.  FB is going down the tubes and this earnings show that it's not a viable machine no matter how much CNBC pumped it up that week to get people to buy.  Our market is a third world one right now, where the govt. and MSM and rich manipulate it in order to make sure HAPPY THOUGHTS HAPPY THOUGHTS.  All this news should have had it in the red tonight and them talking about it. 

SheepDog-One's picture

But....surely this just means now theres more ROOM for more HOPE!

 

Cursive's picture

Now's my chance to BTFD!  I'd rather watch re-runs of Melrose Place.

AlaricBalth's picture

I heard Amazon just put Facebook stock wallpaper on sale. And you get a free Starbucks coupon if you act now!!!

hack3434's picture

Now come the share lock up expirations.

AlaricBalth's picture

243,000,000 shares in the 2nd week of August. 10% of outstanding shares. All running for the exit door.

hack3434's picture

I thought the # was 268mm then another 1.7B by years end. 

Bay of Pigs's picture

It's going to be a fucking bloodbath.

 

monopoly's picture

So AMZN earns 1 cent, a fucking penny and advises a loss for next quarter and the stock is at 217. Where are my beads. This is beyond absurd.

alien-IQ's picture

My advice to you: start drinking HEAVILY.

it's working for me.

Rainman's picture

don't know what heavily means, but advice thirded anyhoo

BandGap's picture

No, where is your bong, this is absurd.

nmewn's picture

Hopefully they'll "beat expectations" next Q...lol.

Jlmadyson's picture

We going to the moon baby! MAGIC all around!

In the famous words of one Stephen S. Roach;

Crack-cocain is a hell of drug.

Tim Knight from Slope of Hope's picture

Tyler, you know I love you, but for pity's sake, could you use a color scheme that is actually visible? Like, oh, say, a white background? 

alien-IQ's picture

Fakebook should be trading at single digit prices...single digits south of the decimal point that is.

Vincent Vega's picture

Give it til mid Aug. It will get there.

Squid Vicious's picture

Zuckerberg dead ahead!! 18% haircut, ouch...

alien-IQ's picture

You don't really think he cares do you? He's got his loot. Now he's just sitting back and laughing at all the suckers he sold this pig to.

Dr. No's picture

Zuck sold at $38.  Pretty shrewed if you ask me.

Paul Atreides's picture

It's time to invent 'The High Frequency Guillotine'

tmosley's picture

We already have those, we're just misusing them.  Right now, we use them to fly around, when we should be tossing in banksters and corrupt politicians.

Yen Cross's picture

 And yet the, " Bung Holes" at CNBS were pumping homebuilders,even after that miserable housing number! I wish my mute button had a Santelli , Grasso, Kernan ect... you get my point , voice recodnition system on it!

ihedgemyhedges's picture

Well surely your remote has an "UP" and "DOWN" channel button you idiot................

Lucky Guesst's picture

No shit but there are voices that are painful to listen to as you run from the kitchen and dive over the dog onto the couch and go from normal to half mute to mute. That 10-15 seconds feels like eternity and makes my ears feel like bleeding when I hear 1 second of Ofuckya.

smlbizman's picture

they shoud have been....you must have missed larry yun and his eloquint explaination about the inventory shortage....i just called a realtor to list my home to help them with that problem.....my home should be sold in...3....2....1...

penexpers's picture

The U.S. consumer is dead. 

the not so mighty maximiza's picture

Everybody is making money