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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%3:59 PM EST

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To: cellhigh who wrote (2482)3/26/1998 4:53:00 AM
From: FrankInNYC  Read Replies (1) of 164684
 
Zack's quietly adjusted earnings target for AMZN. It was lowered from 46 cents/shr LOSS (-.46) to 48 cents/shr LOSS (-.48). By the time earnings come, it'll be closer to 50. By the way, just from SI's OWN charts, look at these numbers:

3/97 6/97 12/97

Revenue (millions) 27.9 37.9 66.0

Net Income (millions) -6.7 -8.5 -9.3

Net Profit Margin -24.1% -22.5% -14.1%

As I said, as the company has chugged along, they've been losing more $$ per quarter, and their profit margins have been falling. Wait until this quarter, the first qtr that reflects FULLY what B&N has been doing to AMZN in the online book war.
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