Friday, April 24, 2015

Amazon Swings to Small Loss While Revenue Jumps 15% - NYTimes.com

Yesterday was a big day for earnings announcements; also see At $17.3 Billion, Google’s Quarterly Revenue Rose 12 Percent and Microsoft Profits Slip Less Than Projected, With Revenue Up 6% (both NYT)

"Amazon resumed its money-losing ways in the first quarter, even though it sold a lot of things.

The retailer lost 12 cents a share for a net loss of $57 million, as revenue rose 15 percent — a little more steeply than expected, especially in light of the company’s size — to $22.72 billion.

Analysts had projected a loss of 13 cents a share on revenue of $22.39 billion, according to Thomson Financial. Last year, Amazon had a profit of 23 cents a share in the first quarter."
Amazon Swings to Small Loss While Revenue Jumps 15% - NYTimes.com
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