Profits: Even though AMZN has posted earnings for two consecutive quarters, the amounts were still fairly small. Besides, the company has a spotty track record. The cloud business may also add some volatility as well. Keep in mind that large corporate deals can have a big impact on the bottom line. So if there is slippage, there could be a nasty surprise for investors. On the Q3 earnings call, Amazon CFO Brian Olsavsky warned of this: