Re:Amazon Net Income Plunges 96%, Shares Follow
by Steko on Thursday July 26, 2012 @11:23PM
(#4299880)
Correct. This is something mildly interesting blown far out of proportion by linkbait title, some fun with statistics and apparently after many years of killing profits to focus on growth people still buy Amazon's stock because they're hoping for blowout quarters. Better luck next time I guess.
They have over $10B in revenue but only about $100MM in profits. Fluctuations in their costs would easily wipe out those profits.