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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Thu, 07/26/2012 - 16:27 | 2654447 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Zucked Earnings, Bitches!

Thu, 07/26/2012 - 16:30 | 2654455 AlaricBalth
AlaricBalth's picture

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

Thu, 07/26/2012 - 16:31 | 2654470 ACP
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)

Thu, 07/26/2012 - 16:34 | 2654487 Mr Lennon Hendrix
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.

Thu, 07/26/2012 - 16:36 | 2654503 smlbizman
smlbizman's picture

down goes biderman..down goes biderman...

Thu, 07/26/2012 - 16:43 | 2654522 DoChenRollingBearing
DoChenRollingBearing's picture

Ha ha ha re FB, SBUX and AMZN.

GOLD, bitchez!

http://tinyurl.com/c8slu2c

Thu, 07/26/2012 - 17:07 | 2654659 withnmeans
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".

Thu, 07/26/2012 - 17:13 | 2654677 luna_man
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!!

Thu, 07/26/2012 - 17:33 | 2654725 Mr Lennon Hendrix
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!

Thu, 07/26/2012 - 19:22 | 2655027 smlbizman
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.....

Thu, 07/26/2012 - 16:39 | 2654521 veyron
veyron's picture

Right now 24.00 (10%)

Thu, 07/26/2012 - 16:44 | 2654548 Mr Lennon Hendrix
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.

Thu, 07/26/2012 - 16:52 | 2654595 DoChenRollingBearing
DoChenRollingBearing's picture

@ veyron, Mr Lennon Hendrix

+ 1, nice!

Thu, 07/26/2012 - 16:45 | 2654555 smiler03
smiler03's picture

that's minus

Thu, 07/26/2012 - 17:04 | 2654646 veyron
veyron's picture

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

Thu, 07/26/2012 - 22:37 | 2655431 Buck Johnson
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. 

Thu, 07/26/2012 - 16:30 | 2654454 SheepDog-One
SheepDog-One's picture

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

 

Thu, 07/26/2012 - 16:29 | 2654458 Cursive
Cursive's picture

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

Thu, 07/26/2012 - 16:36 | 2654504 AlaricBalth
AlaricBalth's picture

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

Thu, 07/26/2012 - 16:47 | 2654574 smiler03
smiler03's picture

Is Groupon involved?  (-8.7%)

Thu, 07/26/2012 - 20:03 | 2655118 huanjo
huanjo's picture

that's minus

Thu, 07/26/2012 - 16:29 | 2654459 hack3434
hack3434's picture

Now come the share lock up expirations.

Thu, 07/26/2012 - 16:33 | 2654482 AlaricBalth
AlaricBalth's picture

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

Thu, 07/26/2012 - 16:41 | 2654530 hack3434
hack3434's picture

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

Thu, 07/26/2012 - 18:38 | 2654911 Bay of Pigs
Bay of Pigs's picture

It's going to be a fucking bloodbath.

 

Thu, 07/26/2012 - 16:31 | 2654467 realtick
realtick's picture

Facefucks.com

Thu, 07/26/2012 - 16:31 | 2654468 monopoly
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.

Thu, 07/26/2012 - 16:34 | 2654486 alien-IQ
alien-IQ's picture

My advice to you: start drinking HEAVILY.

it's working for me.

Thu, 07/26/2012 - 16:54 | 2654603 DoChenRollingBearing
DoChenRollingBearing's picture

Advice seconded!

Thu, 07/26/2012 - 17:06 | 2654652 Rainman
Rainman's picture

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

Thu, 07/26/2012 - 16:35 | 2654495 BandGap
BandGap's picture

No, where is your bong, this is absurd.

Thu, 07/26/2012 - 16:39 | 2654520 nmewn
nmewn's picture

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

Thu, 07/26/2012 - 16:34 | 2654469 Jlmadyson
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.

Thu, 07/26/2012 - 16:32 | 2654472 Tim Knight from...
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? 

Thu, 07/26/2012 - 19:03 | 2654987 noob
noob's picture

ahhhhh, a bandwagon opportunity...

yeah ty, WTF

Thu, 07/26/2012 - 16:32 | 2654476 alien-IQ
alien-IQ's picture

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

Thu, 07/26/2012 - 16:55 | 2654617 Vincent Vega
Vincent Vega's picture

Give it til mid Aug. It will get there.

Thu, 07/26/2012 - 16:34 | 2654478 Squid Vicious
Squid Vicious's picture

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

Thu, 07/26/2012 - 16:38 | 2654511 alien-IQ
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.

Thu, 07/26/2012 - 16:38 | 2654514 Dr. No
Dr. No's picture

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

Fri, 07/27/2012 - 08:40 | 2655973 Overflow-admin
Overflow-admin's picture

-18% = cuts the head?

Thu, 07/26/2012 - 16:39 | 2654479 Paul Atreides
Paul Atreides's picture

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

Thu, 07/26/2012 - 17:10 | 2654666 tmosley
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.

Thu, 07/26/2012 - 16:33 | 2654480 Yen Cross
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!

Thu, 07/26/2012 - 16:39 | 2654519 ihedgemyhedges
ihedgemyhedges's picture

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

Thu, 07/26/2012 - 16:54 | 2654609 The Gooch
The Gooch's picture

Try the POWER button.

Thu, 07/26/2012 - 16:55 | 2654613 Lucky Guesst
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.

Thu, 07/26/2012 - 16:45 | 2654553 smlbizman
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...

Thu, 07/26/2012 - 16:33 | 2654483 penexpers
penexpers's picture

The U.S. consumer is dead. 

Thu, 07/26/2012 - 16:34 | 2654484 the not so migh...
the not so mighty maximiza's picture

Everybody is making money

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