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Amazon.com Hired 2,200 People In Q2
Thursday, July 22, 2010 - 5:46pm | 24Amazon.com (Nasdaq: AMZN) hired 2,200 people in Q2. Amazon's CFO said "we're growing very, very fast."
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Amazon Crushed In The After Hours (AMZN)
Thursday, July 22, 2010 - 4:23pm | 60Amazon (NASDAQ: AMZN) is getting absolutely crushed in after hours trading after the company missed earnings estimates by a wide margin. AMZN reported EPS of $0.45 compared to estimates of $0.54. Revenues were $6.6 billion versus analysts' estimates of $6.54 billion. In the after hours trading...
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Amazon.com’s Earnings Mixed; Shares Crash (AMZN)
Thursday, July 22, 2010 - 4:14pm | 191Amazon.com Inc (NYSE: AMZN) reports Q2 EPS $0.45 vs consensus of $0.54. Amazon.com Inc reports Q2 revenue $6.57 billion vs consensus of $6.54 billion. Free cash flow increased 29% year over year on a net sales increase of 41% year over year. As for guidance, the company said net sales are expected...
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Amazon.com Announces Second Quarter Sales up 41% to $6.57 Billion
Thursday, July 22, 2010 - 4:14pm | 279Amazon.com, Inc. (AMZN) today announced financial results for its second quarter ended June 30, 2010. Operating cash flow was $2.56 billion for the trailing twelve months, compared with $1.88 billion for the trailing twelve months ended June 30, 2009. Free cash flow increased 29% to $1.99 billion...
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Finicky Market 07-22-2010
Thursday, July 22, 2010 - 2:45pm | 734Cusick’s Corner Today’s market is for the bulls, yesterday was for the bears, and this market is getting more finicky than a cat. Tech and Transports are the leaders going into this rally, which was sparked in the pre-market after T, QCOM, and UPS all announced blockbuster earnings. With the...
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Amazon.com (AMZN) Should Be Interesting Tonight
Thursday, July 22, 2010 - 12:58pm | 383I had a short on Amazon.com (AMZN) for a small period of time but with earnings coming tonight, standing in front of a 50/50 decision is not my type of odds. There is still a yawning gap at $95 so if the dice fall the wrong way this will be the target for the name, over time. Of course if there...
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Why Marry a Put?
Thursday, July 22, 2010 - 12:25pm | 2435Why marry a put? Options jargon can easily drive people nuts, whether they are novice or seasoned. Some names for certain strategies are certainly more intuitive than others. I’d like to think that the “Married Put” term is in the quasi-intuitive category. Regardless, I am going to spend the...
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Piper Jaffray Reiterates Overweight On Netflix, Even After Revenue Miss (NFLX)
Thursday, July 22, 2010 - 11:20am | 168Piper Jaffray is out with some color on the Netflix (NASDAQ: NFLX) quarter and is reiterating its overweight rating and $140 price target, despite the revenue miss from the company yesterday. In the report, Piper Jaffray notes "Q2 results showed impressive profitability driven by increased...
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F5 Networks (FFIV) and Netflix (NFLX) Move in Completely Different Directions Post Earnings
Thursday, July 22, 2010 - 10:35am | 1864Speaking of bipolar - F5 Networks (FFIV) is up 11% off its earnings report and Netflix (NFLX) is down 9% as of this typing. We cut back positions in both yesterday since the gambling mentality around earnings reports is not our cup of tea. I thought both reports were quite good; the only issue...
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Amazon Announces e-Book Deal with Wylie Agency (AMZN)
Thursday, July 22, 2010 - 9:13am | 149Amazon (NASDAQ: AMZN) announced Thursday that it has reached a deal with Wylie Agency for the exclusive right to publish digital editions of 20 classic books. With works by authors such as Philip Roth, John Updike, and Norman Mailer for its Kindle electronic reader, Amazon is pushing aggressively...
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Benzinga’s Top Pre-Market NASDAQ Losers (MLNX, NFLX, ISRG, BEBE)
Thursday, July 22, 2010 - 8:44am | 141Mellanox Technologies Ltd (NASDAQ: MLNX) dipped 16.39% to $19.18 in the pre-market session. MLNX had reported better-than-expected Q2 results. Netflix Inc (NASDAQ: NFLX) lost 8.74% to $109.19 in the pre-market session. While NFLX posted a 34% rise in its Q2 earnings, it failed to meet the revenue...
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How The Movies Killed Netflix
Thursday, July 22, 2010 - 8:27am | 175Wall St did not like the results of Netflix (Nasdaq: NFLX) last quarter and flogged the movie rental company’s shares as if they were Blockbuster’s, taking 10% off its market cap. Investors have come to expect that Netflix will add very large numbers of new subscribers each quarter. That did not...
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Benzinga’s Top Downgrades (NFLX, PJC, CMTL, ODSY)
Thursday, July 22, 2010 - 7:10am | 149Netflix Inc (NASDAQ: NFLX) was downgraded by Canaccord Adams from “buy” to “hold.” NFLX’s shares closed at $119.65 yesterday. Netflix’s 52-week trading range is $39.27 - $127.96. Goldman Sachs downgraded Piper Jaffray Companies (NYSE: PJC) from "buy" to "neutral." PJC’s shares closed at $28.40...
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The iPad Passes The Kindle
Thursday, July 22, 2010 - 7:03am | 206Recent research shows that the number of Apple Inc. (Nasdaq: AAPL) iPads has passed the number of Amazon.com (Nasdaq: AMZN) Kindles in the hands of consumers. The news could undermine Amazon’s successful e-book store as the largest e-commerce business in the US also feels pressure from the Barnes...
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Stocks To Watch For July 22 (MSFT, T, AMZN, MS)
Thursday, July 22, 2010 - 6:34am | 190Some of the stocks that may grab investor focus are: Wall Street expects Microsoft Corp (NASDAQ: MSFT) to post its Q4 EPS at $0.46 on $15.2 billion in revenue. MSFT’s shares gained 0.72% to $25.30 in after-hours trading. Analysts are expecting AT&T Inc (NYSE: T) to have earned $0.57 per share...