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

Friday October 24, 2014

Amazon Losses Widen As It Braces For Rocky Holiday Quarter

Not only did Amazon post a larger than expected 3Q loss, the company says its fourth quarter earnings won't be much better.

The company on Thursday posted a third-quarter loss of $437 million, or 95 cents a share, and revenue of $20.58 billion, falling short of analysts' average forecast of a loss of 74 cents a share with $20.84 billion in revenue. More importantly, the company said it expects sales between $27.3 billion and $30.3 billion for the critical fourth quarter, which also misses Wall Street's forecast of $30.89 billion.

Comments