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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Amazon Reports A $7M Loss In Second Quarter 0 comments
    Jul 26, 2013 10:28 AM | about stocks: AMZN

    Originally published at www.seclive.com

    Filing in Focus: Amazon.com 8-K, July 25, 2013

    Amazon.com (NASDAQ:AMZN) announced its financial results for second quarter fiscal 2013, reporting a net loss of $7M, a $14M total shift from its $7M gain this quarter last year. Earnings per share fell similarly from $0.02 earnings per share to $0.02 losses per share this quarter. Despite net losses, the company's revenue jumped 22% to $15.7B, meeting analyst expectations. Amazon CEO Jeff Bezos remains focused on building the company rather than meeting analyst demands, and leaves the earnings call duties to his CFO Tom Szkutak, and offers little to no explanation for the company's performance this quarter. Amazon is forecasting revenue in third quarter to be between $15.45B and $17.15B, with an operating loss between $440M and $60M.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AMZN
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