Amazon Tanks 10% After Reporting Larger Than Expected Third Quarter Loss

amazon-earnings-alt Amazon reported lower than expected revenue in its third quarter, and a larger than expected loss. Analysts expected the company to lose $0.74 on revenue of $20.84 billion. Instead, Amazon lost $0.95 per share on revenue of $20.58 billion.
That per-share loss works out to a net loss for the firm of $437 million. Read More

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