Published on Zero Hedge (http://www.zerohedge.com)

Home > Amazon Misses, Forecasts Inverse Profit

Amazon Misses, Forecasts Inverse Profit

By Tyler Durden
Created 07/26/2012 - 15:05
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 07/26/2012 15:05 -0500



 

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.

 

- advertisements -

Source URL: http://www.zerohedge.com/news/amazon-misses-forecasts-inverse-profit

Links:
[1] http://www.zerohedge.com/users/tyler-durden