"Three months ago, Amazon was expected to lose 7 cents a share in the third quarter. After the retailer warned that it was investing so heavily in so many things, analysts pushed their loss projections up aggressively to 74 cents a share.Losses Jump at Amazon, as Investments Pile Up - NYTimes.com
Even that was not enough. After the market closed Thursday, Amazon reported that it lost 95 cents a share. There was other disappointing news, too: Revenue came in $260 million less than analysts’ projections, and the company said it might lose money again in the fourth quarter, which in the old days was when retailers made all their profit for the year."
Friday, October 24, 2014
Losses Jump at Amazon, as Investments Pile Up - NYTimes.com
Also see Amazon Takes $170 Million Writedown on Weak Fire Phone Sales (Re/code)
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