Amazon reports big quarterly net loss

By zzyzzx   follow   Thu, 25 Oct 2012, 6:26am PDT   ↑ Like   ↓ Dislike (1)   711 views   4 comments   Watch (1)   Share   Quote  

http://finance.yahoo.com/news/amazon-reports-big-quarterly-net-201043157.html

Amazon said its third-quarter net loss was $274 million, or 60 cents a share, versus net income of $63 million, or 14 cents a share, in the third quarter of 2011.

Reuters) - Amazon.com Inc reported a big quarterly net loss on Thursday as the world's largest Internet retailer spends heavily to expand existing operations and develop new businesses. Amazon said its third-quarter net loss was $274 million, or 60 cents a share, versus net income of $63 million, or 14 cents a share, in the third quarter of 2011. Part of the loss related to an impairment charge from Amazon's investment in daily deal company LivingSocial. Third-quarter revenue was $13.81 billion, up 27 percent from a year earlier, Amazon also said. (Reporting By Alistair Barr; Editing by M.D.

Comments 1-4 of 4     Last »

Add Icon anonymous   befriend ()   ignore ()   Thu, 25 Oct 2012, 11:59am PDT   Like   Dislike     Share   Quote   Comment 1

Ah, they're back to their old way of doing business.

curious2   befriend (4)   ignore (5)   Thu, 25 Oct 2012, 12:08pm PDT   Like   Dislike     Share   Quote   Comment 2

In September, they started charging sales tax in California.

Patrick   befriend (64)   ignore (3)   Thu, 25 Oct 2012, 1:01pm PDT   Like   Dislike     Share   Quote   Comment 3

Sales tax might cut into their revenue for sure, since some people shop on Amazon just to avoid it.

zzyzzx   befriend (10)   ignore (6)   Thu, 25 Oct 2012, 11:46pm PDT   Like   Dislike (1)     Share   Quote   Comment 4

badraig says

Ah, they're back to their old way of doing business.

I had forgotten about that, but it's so true.

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends