Thursday, October 25, 2012

Amazon Reports Sales Of $13.81B For Q3, Loses 60 Cents Per Share (More Than Analysts Estimated)

amazon logoAmazon.com just released its third-quarter earnings report, which shows lower sales and a bigger loss than analysts expected. Net sales grew to $13.81 billion, up 27 percent from the same period last year. The company saw a net loss $274 million, or 60 cents per diluted share, compared to operating income of $63 million last year. Analysts had predicted revenue of $13.9 billion and a loss of 8 cents per share.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/2_xMFBioDYY/

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