And warns of more to come. Seems like they could start stifling some of their losses if they started to accept a certain form of payment. Then we could 'moon' each other.
LOS ANGELES — Amazon had warned that it would lose bundles of cash in the third quarter, and it didn't disappoint.
But the size of the loss and a forecast that warned of more red ink by year's end chilled investors, who had already sent shares sharply lower for the year.
The Seattle-based online retailer (TICKER: AMZN) said it had a net loss of $437 million for the quarter, or 95 cents a share, compared with $41 million, or 9 cents a share, in the year-ago quarter. Analysts had forecast a loss of 74 cents a share.
Revenue rose 20% to $20.6 billion, short of the $20.84 billion projected by analysts. Amazon shares tumbled 11%, to $278.89, in after-hours trading. Ahead of the report, shares had lost 23% year to date, singed by prior big losses.
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http://www.usatoday.com/story/tech/2014/10/23/amazon-posts-loss-for-3rd-quarter/17783495/