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October 25, 2013 01:27 am GMT
Amazon managed to beat expectations in its third quarter, with net sales of $17.09 billion, and a per-share loss of $0.09, or $41 million. The street had expected Amazon to lose $0.10 per share on sales of $16.8 billion.In after-hours trading, Amazon is up a strong 7 percent. Investors are clearly heartened by what they see. As Blair Frank of GeekWire points out, however, this is Amazon's second straight quarterly loss, and the company expects to lose a stunning $500 million in its fourth quarter.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xkUdMf2Odpk/
Amazon Reports Q3 Sales Of $17.09B, Up 24%, But Records Second Straight Loss
Amazon managed to beat expectations in its third quarter, with net sales of $17.09 billion, and a per-share loss of $0.09, or $41 million. The street had expected Amazon to lose $0.10 per share on sales of $16.8 billion.In after-hours trading, Amazon is up a strong 7 percent. Investors are clearly heartened by what they see. As Blair Frank of GeekWire points out, however, this is Amazon's second straight quarterly loss, and the company expects to lose a stunning $500 million in its fourth quarter.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xkUdMf2Odpk/
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