Amazon posts first quarterly net loss in 4 years
Amazon has posted its first quarterly net loss in four years, reporting a loss of $274 million in Q3 of its 2012 financial year.
The earnings release sent the online retailers shares down $2.17 to $220.75 in after-hours trading yesterday (Thursday, October 25), according to the Wall Street Journal.
The publication points out that heavy investment from the online retailer has seen typicall razor-thin margins.
The company made a loss of 60 cents a share, or 23 cents a ...
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