We'll see over the next couple of quarters what kind of growth company AMZN is. The inventory numbers tell you which direction that AMZN's business is going.
It was very bad. The earnings beat was due to a $46 million tax credit, otherwise the earnings would have been at $0.08/share. AMZN basically missed on both top and bottom lines. Margins are going to be squeezed in every facet of AMZN's business. The build up of inventory and the inventory turns decline is a huge red flag. Let's see if the brokers keep pumping this to their clueless clients.