FarmVille creator Zynga (ZNGA) beat analyst expectations last night by reporting a profit of 1 cent per share. The Street was looking for a loss of 4 cents. Despite the minor triumph, the stock took a hit after-hours, at one point dropping more than 10% to under $3 a share. Investors were disappointed by a warning for the current quarter and a substantial drop in the number of people using its online games.

For casual investors the real shock was that anyone was still playing FarmVille or Words With Friends at all. It seems a triumph of persistence that Zynga still has 253 million monthly users, even if that number has dropped almost 25% since peaking in at 331 million in Q3 2012.

Jon Najarian, cofounder of optionMONSTER.com says the company is basically trying to stay alive long enough to get a piece of the online gambling business, which is slowly being legalized in the U.S. Though the company won't talk about it much, they did set up an online casino of sorts in the U.K. last quarter. As Najarian sees it, "That's the test tube for what they're going to do in the U.S."

Others might suggest that being one of a seemingly infinite number of online casinos in the U.K. demonstrates why Zynga may be striving to reach a mirage. Still there's hope for the bulls, which is more than can be said of growth for Zynga's existing products.

Amazon (AMZN) reports today after the market close and, as usual, there's a distinct lack of conviction on how to play it — if at all. Officially, analysts are looking for the online kingpins to report EPS of .09 on $16.2 billion in revenue. For the quarter ending June 30, Amazon is expected to earn 22 cents on sales of $16 billion.

Unofficially, estimates mean next to nothing with the world's largest online retailer. If they did, the stock would have been left for dead long ago. The company's trailing operation margin has a 1-handle, the forward P/E is over 70, and Jeff Bezos and Co. openly disregard quarterly results in favor of investments for the long term.

Related: Amazon Is a No-Brainer to Own Long-Term, Says Munster

Lesser companies have been vaporized by Wall Street for the kind of almost-random results Amazon reports quarter after quarter. The difference for Amazon is that Bezos is just so good at what he does. The Kindle was years ahead of its time, a transition away from books into media and general merchandise has been seamless and customers are rabid fans. Amazon just keeps finding places it wants to go and merrily steamrolling anyone in its way.

As a result, Wall Street is willing to forgive the company for almost anything. In the critical fourth quarter, it missed earnings estimates by a full 25% only to see the stock ramp straight in the face of prematurely giddy bears. Next to Best Buy (BBY), the only group more victimized by Amazon's Teflon operation has been the short-selling community.

Can the gang from Seattle do it again tonight? CNBC contributor and KKM Financial founder Jeff Kilburg thinks not. "It's just too rich," opines Kilburg in the attached video. "January 25 they put in that all-time high of $284. Are we going back up there? Why are we going back up there?"