posts 2Q loss, higher revenue

July 26, 2013

(AP)— is reporting a loss in the second quarter as higher revenue was not enough to make up for rising operating expenses. Inc. said Thursday that its loss was $7 million, or 2 cents per share, in the April-June quarter. That's down from of $7 million, or 2 cents per share, a year ago.

Revenue rose 22 percent to $15.7 billion from $12.83 billion.

Analysts, on average, were expecting earnings of 5 cents per share on revenue of $15.73 billion.

Amazon is forecasting revenue of $15.45 billion to $17.15 billion for the current quarter. Analysts were expecting $16.97 billion.

Amazon's stock fell 3 percent to $294.26 in extended trading after the results were released.

Explore further: posts lower 4Q net income

Related Stories posts lower 4Q net income

January 29, 2013 says its fourth-quarter net income fell 45 percent, as higher revenue failed to keep pace with increased spending on order fulfillment and digital content.

EBay 1Q revenue grows but falls below estimates

April 17, 2013

EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street's expectations, causing investors to send the company's stock lower ...

Verizon rakes in wireless fees in 1Q

April 18, 2013

Verizon says its profit rose 16 percent in the latest quarter as revenue from wireless service kept rising at a rate that's the envy of the industry.

Amazon reports lower 1Q earnings, higher revenue

April 25, 2013 Inc.'s net income declined in the first three months of the year even though revenue increased 22 percent, as the online retailer continued to spend heavily on order fulfillment and rights to digital content.

Comcast profit rises 17 percent in 1Q

May 1, 2013

Comcast Corp., the nation's largest cable company and owner of NBCUniversal, says its net income rose 17 percent in the latest quarter, powered by continued strong results from its cable operations.

Recommended for you

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.