Amazon narrows 3Q loss as sales jump 24 pct

Oct 24, 2013

Amazon.com says that its fiscal third-quarter loss narrowed as revenue grew 24 percent.

The Seattle-based online retailer also said Thursday that it expects growth in its fourth-quarter , indicating confidence as it enters the key holiday shopping season.

Amazon posted a loss of $41 million, or 9 cents per share, for the quarter that ended in September. That is compared with a loss of $274 million, or 60 cents per share, in the same quarter last year. The prior year includes a one-time $169 million loss related to its stake in online deals site LivingSocial.

Revenue came to $17.09 billion from $13.81 billion.

Analysts were anticipating a loss of 9 cents per on $16.76 billion in revenue.

Shares rose nearly 7 percent in after-hours trading.

Explore further: India on tap as first market for Microsoft Lumia 535

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Texas Instruments 3Q profit drops, outlook weak

Oct 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

EBay CEO cites 'uncertainty' for weak 4Q outlook

Oct 17, 2013

EBay said the growth rate of e-commerce in the United States is slowing as it delivered a weaker than expected profit and revenue outlook for the current quarter through December. The company's third-quarter earnings edged ...

Amazon.com posts lower 4Q net income

Jan 29, 2013

Amazon.com 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.

Expedia posts 1Q loss; says revenue rose 24 pct

Apr 25, 2013

Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed ...

Amazon posts 3Q results below expectations

Oct 25, 2012

(AP)—Amazon's stock is falling after the world's largest online retailer reported third-quarter results below Wall Street's expectations, including a large loss that was weighed by its stake in online deals service LivingSocial.

Recommended for you

Netflix sues Yahoo CIO for alleged kickbacks

4 hours ago

Netflix is suing a former company vice president who is now chief information officer at Yahoo, accusing him of receiving money from vendors he hired to work with the video streaming company.

BlackBerry courts iPhone users with cash

Nov 25, 2014

Canadian smartphone maker BlackBerry is wooing Apple customers with a cash offer for trade-ins of iPhones for its new square-screened, keyboard-equipped Passport.

HP earnings show continued struggle

Nov 25, 2014

Venerable tech giant Hewlett-Packard has been struggling for three years to turn its business around. Its latest earnings show it still has more work ahead.

User comments : 0

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.