Sales should be below what investors were expecting and forecasting a slower Holidays sales. Down to $200. FYI: I have no position and will not trade it. My plate is full.
may be right, but today appears that assumption has already been worked in to the equation to a degree. Analysts are expecting operating margins to plunge to 1.33% from 3.54% and gross margins to fall to 23.1% from 23.5%.
By the way AMZN is the Wall Street's darling. The results should be really bad to convince the street to dump it.
Doubt it, this stock is trading at high multiples, if their's no increase or a small increase in earnings i think it will continue to sell off.
for anyone wanting specific chat while we wait http://www.thestreet.com/_yahoo/sto...nings.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA to listing to webcast http://edge.media-server.com/m/p/v2c39q6g/lan/en
Wow. Good call. You are the Oracle at Delphi. I looked at the report and it wasn't that bad. Revenue increase of 33% is still impressive. It seems like Apple in many ways. Too much expectation since every one and their mother is in the stock. At least it isn't Netflix, yet.