|Fri Oct 18 2013 17:44:30|
CEO Outlooks on Holiday Revenue Nothing to Sneeze at
By: David Steiner
In advance of Amazon's Q3 earnings announcement next week, CEO Jeff Bezos has warned Wall Street that he may be developing a headcold. "I feel a little wonky, so our outlook may sound a little more negative than usual." said Bezos, in a statement. "I also have a hangnail."
The disclosure by Bezos may have been precipitated by eBay Chief Executive Officer John Donahoe's warning about fourth quarter
on last Wednesday's analyst call, which caused the stock price to drop by nearly 5%. Donahoe later explained his remark that ecommerce was "dramatically decelerating" in an interview with AllThingsD
, saying, "The truth is Bob [Swan] and I both have colds." eBay's stock price popped 2% on Friday after the interview.
Google's Larry Page said he felt "pretty good" after reporting earnings on Thursday, which saw his company's stock soar over $1,000 per share, and disclosed that, although he did have a slight case of ptomaine in early October, he had cut way back on his consumption of shellfish, and it was unlikely to be a factor in future earnings calls.
Facebook is set to announce earning on October 30. Like Bezos, Facebook CEO Mark Zuckerberg also sent out a preemptive note to analysts, warning them not to read anything into his tone during the earnings call, stating, "This is the way I always sound."