Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.30

-1.0%

Jan 30 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lizzie Tudor who wrote (146060)	8/24/2002 4:49:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164685

"12:44 pm PT Amazon.com qtr ahead of schedule - Bear Stearns (AMZN) 15.09 -0.64: Dow Jones reports that Bear Stearns says checks indicate AMZN's current qtr is "running ahead of schedule" at around $830 mln in revs, ahead of the First Call consensus of $806.8 mln; analyst believes this could add $0.01-$0.02 to the Sept qtr and implies continued rev growth acceleration. " I do not see how Bear Sterns can make any reasonable determination about Amazon's revenue for this quarter. This comment was made only about half way through the quarter. One of the more important months for Amazon will be September and that month has not even begun. Did Amzon provide Bear Sterns with actually revenue thus far? I really doubt that. Translating revenue growth into bottom line number at this point would also be very difficult to do. Amazon changed their free shipping break point. USPS and UPS both increased their shipping fees in June as well. The ciomment reminds of the hype done by Blodget. Bear Stern's source for making this prediction is not provided.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next