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July 26, 2013 12:05 am GMT

Amazon's Q2 Disappoints, Sales Up 22 Percent To $15.7B, Net Loss Of $7M

3898v1-max-250x250Amazon just reported second quarter earnings, with sales increasing 22% to $15.7 billion in the second quarter, compared with $12.83 billion in second quarter 2012. Net loss was $7 million in the second quarter, or $0.02 per diluted share, compared with net income of $7 million, or $0.01 per diluted share, in second quarter 2012. Analysts expected $15.74 billion in revenue, and $0.05 on earnings per share.

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