Re:Facebook reports second quarter results
by nostrademons on Thursday July 30, 2020 @05:20PM
(#24002949)
Because Amazon is comparatively low-margin vs. other tech companies, improved revenue has a much greater effect on earnings. Amazon's revenue was $88.9B vs. $81.24B expected. That's each household spending about 10% more from Amazon, which is pretty reasonable with lockdown and nobody going to brick & mortar retail outlets. But with expenses at around $80B, that translates into earnings of $10.30/share vs. $1.51.
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Re:Facebook reports second quarter results
by mikeschmatz on Thursday July 30, 2020 @05:50PM
(#24003229)
> Because Amazon is comparatively low-margin vs. other tech companies, improved revenue has a much greater effect on earnings.
Are you saying that 10% revenue increase has led to 10x earnings beat? That doesn't make any sense.