The weird world where 29% growth is “slow”

WSJ

Amazon posted its second straight quarter of record profitability, but its recent string of blistering revenue growth is cooling. The company’s slower-growing Whole Foods Market business has weighed down gains, and its cloud-computing business faces stiffer competition.

The Seattle-based company on Thursday posted a profit of $2.88 billion—about 11 times last year’s figure—extending its profitability streak to more than three years. The company tamed some costs, including head count and shipping expenses, the latter of which rose only 22% compared with over 30% in recent quarters.

Revenue figures disappointed, however, and the company warned growth could slow in the latest holiday quarter. Total sales in the third-quarter period increased 29% to $56.58 billion, Amazon’s slowest-growing quarter in more than a year and short of the average analyst estimate of $57.1 billion.

Meanwhile the former HK securities regulator says China’s growth is fictional. OK then.

Bonus two universes update: we believe we heard on news radio the head of the LA Holocaust Museum blaming Pittsburgh on noted anti-Semite Darth Tweeter. That’s one universe we’re seeing, guys and gals.

2 Responses to “The weird world where 29% growth is “slow””

  1. feeblemind Says:

    re blaming Pittsburgh on noted anti-Semite Darth Tweeter.

    Yeah . . . everything bad is Trump’s fault. A little odd that they can find some sort of covert antisemitism in Trump, but when Islam or numerous people on the Left (Farrakan springs to mind)spew their Jew hatred these same people are suddenly blind, deaf & dumb.

    re Amazon: I continue to be astonished.

  2. feeblemind Says:

    re Meanwhile the former HK securities regulator says China’s growth is fictional. OK then.

    Implosion of Stock Market Double-Bubble in China Hits New Lows, Authorities Busy Elsewhere Keeping China Miracle from Unraveling

    “Given the problems China is facing these days, authorities have likely more important things to do than keeping the stock market from going to heck entirely. They’re trying to keep the China miracle overall from unraveling.”

    https://wolfstreet.com/2018/10/18/double-bubble-chinese-stocks-implodes-to-new-lows-authorities-to-keep-china-miracle-from-unraveling/

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