Pay attention. Here we have a stock with a %100 buy rating and a avg. price target of $2100~

Every analyst, from ever notable firm. All wrong.

NOBODY has a clue about anything. Change my mind?

 

Amazon falls 7% after-hours after earnings miss

Amazon (AMZN) reported third quarter earnings on Thursday that missed on profit but exceeded Wall Street’s revenue expectations, with sales getting a boost from Prime Day deals, the implementation of one-day shipping and a bevy of new Echo and Fire TV devices.

Yet the weak results sent the retail giant’s shares, which ended trading at $1,780.78, tumbling over 7% in post-market trading.

Here were the key numbers, according to a consensus forecast from Bloomberg:

Revenue: $70 billion vs. $68.7 billion expected

GAAP earnings per share: $4.23 vs. $4.58 expected

Amazon Web Services: $9 billion vs. $9.19 billion expected

Much of the quarter’s upside was driven by Amazon Prime’s higher membership price tag, and the rollout of free next-day delivery announced in April — leading to a 24% boost in sales and cash flow from the comparable year-ago quarter.

www.businessinsider.com/amazon-reports-third-quarter-earnings-q3-2019-10

 

AC