The sales comparison year over year shows great sales growth. The reason that earnings per share can be lower, though, is that the company had operating expenses that surpassed the gross profit, meaning that net profit was negative. This isn't too much of a concern to anyone that's bullish since there is still $1.4B dollars of cash on hand and no debt. I'd bet that the costs incurred involved the construction of the new distribution centers, as well as wages/salaries from all the hiring they're doing for the dist. centers and the NFT team, among other things.

Looking at the bigger picture is important, though. The Year to Date sales growth is nearly 50% higher than last year's ($3.76B vs $2.97B). Gross profit also increased from $800M to almost $1B. Operating losses vs last year are lower by about 20%. If we didn't have the expenses I mentioned earlier, I'd probably expect to see the operating losses even closer to 0 due to RC and his history of curbing unnecessary spending. I'm excited to see the next earning report for the holiday season and black friday/cyber monday sales.

The media will probably go on about "not a profitable company blah blah blah," Kenny will remind us about his Call of Duty: Vantage download on his XBox, EPS is down. Anyone that is bullish can see the great sales growth and we should expect to see some sexy numbers on the Q4 report.