10 years ago
Amazon lost more than half a billion dollars over the last three months
Amazon posted its third quarter earnings results today and they were not pretty: the company said it had a operating loss of $544 million, more than twenty times what is lost for the same period in 2013. Its revenues grew to $20.84 billion, an increase of 20 percent over the same period last year, but less than what investors were expecting. In its projections for next quarter, Amazon said it expects the red ink to keep spreading, with losses growing to $570 million.
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