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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.
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.

Re:Facebook reports second quarter results by esoterica on Thursday July 30, 2020 @06:27PM (#24003524)
How does basic arithmetic not make sense?

If you were expected to make $1.01 and spend $1, and instead you made $1.10 and spent $1, your revenue only beat by 9% but your income beat by 900%.

Re:Facebook reports second quarter results by UncleMeat on Thursday July 30, 2020 @06:22PM (#24003497)
If a lot of their costs are fixed it makes sense.