Amazon.com, Inc. (AMZN) Posts Q3 GAAP Loss of 60c; Guides Q4 Sales Below
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Wall Street Looks Past Amazon's (AMZN) Large Q3 Loss to an Amazon-Christmas
October 26, 2012 1:41 PM EDTAmazon.com (NASDAQ: AMZN) badly missed Q3 headline numbers after the close Thursday, posting a pretty sizable loss. But to the chagrin of bears, the stock is up nearly $10, or 4.5 percent, as investors focus on the company's strong positioning for the all-important holiday season. After digesting the numbers, Wall Street analysts have weighed in and for the most part they like what they see.
Goldman Sachs Heather Billini - "... we view 3Q12 results as supporting our thesis of CSOI margin upside and that CSOI margins will bottom in 2012 and accelerate in 2013.... More
Nomura Maintains Bullish Stance on Amazon.com (AMZN) following Q3
October 26, 2012 8:37 AM EDTNomura Securities reiterated its Buy rating and $285 price target on Amazon.com (NASDAQ: AMZN) following Q3 results after the close.
Analyst Brian Nowak comments, "Amazon reported 3Q:12 revenue of $13.8bn, 2% below us ($14.1bn) and 1% below the Street ($13.9bn). The miss vs.... More
