Jason Del Rey

Recent Posts by Jason Del Rey

Amazon Notches $17.1 Billion in Q3 Revenue, Beats Street

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Amazon beat Wall Street’s expectations with $17.1 billion in revenue in the third quarter, compared to an average analyst estimate of $16.8 billion. That’s a 24 percent jump over the same quarter last year.

As expected, the company posted a loss, and it was exactly what analysts on average were expecting: Nine cents a share.

As for the all-important fourth quarter, Amazon didn’t totally extinguish concerns, raised by eBay last week, that consumer spending may not grow as quickly as originally expected. If Amazon hits the low end of its guidance, revenue would grow just 10 percent next quarter, the company said. The top end of the range would see revenue climb 25 percent.

On a call with media, CFO Tom Szkutak said the company was “optimistic” about the fourth quarter and “very excited about the inputs we see.”


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik