Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday July 24, 2014

Amazon Posts Bigger Than Expected Q2 Loss

It looks like the strain of multiple product launches took a toll on Amazon this quarter.

The company, which launched its first smartphone, the Amazon Fire phone, a few weeks ago, posted a loss of 27 cents per share on revenue of $19.34 billion in the second quarter. Analysts had been expecting on average a loss of 15 cents per share on $19.34 billion in revenue.