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Amazon reports big quarterly net loss

By zzyzzx (60/60 = 100% civil)   2012 Oct 25, 6:26am   ↑ like   ↓ dislike (1)   818 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.

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1     2012 Oct 25, 11:59am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

2   curious2 (53/53 = 100% civil)   2012 Oct 25, 12:08pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

In September, they started charging sales tax in California.

3   Patrick (323/323 = 100% civil)   2012 Oct 25, 1:01pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

4   zzyzzx (60/60 = 100% civil)   2012 Oct 25, 11:46pm  ↑ like   ↓ dislike (1)   quote   top   bottom   home   share  

badraig says

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

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

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