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July 26, 2013 06:48 am -04
Original Link: http://www.engadget.com/2013/07/26/amazon-earnings-report/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
Amazon hit by surprise loss last quarter, despite 22 percent rise in sales
The retail game is all about scraping big profit out of tiny margins, and nowhere is that more evident than in Amazon's latest financial report. The company managed grow revenue by 22 percent year-over-year between April and June, and yet it managed to confound analysts by making a loss of $7 million, versus a $7 million profit in the same quarter last year.
Developing...
Filed under: Misc, Tablets, Internet, Amazon
Source: BBC News
Original Link: http://www.engadget.com/2013/07/26/amazon-earnings-report/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget
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Engadget
Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WIMore About this Source Visit Engadget