Originally published at www.seclive.com
Filing in Focus: Amazon 8-K, July 24, 2014
Amazon.com Inc. (NASDAQ:AMZN) announced its financial results for the second fiscal quarter of 2014, posting results that missed expectations. The online retail giant saw revenue increase 23%, up from $15.70B a year ago to $19.34B, though operating expenses increased by a similar margin. Amazon's earnings worsened from the year-ago net loss of $7M and $0.02 per share to $126M and $0.27 per share, missing expectations of $0.15 per share. The company is forecasting a large operating loss next quarter between $410M and $810M. Analysts have been mixed about Amazon, with several pointing to increased revenue that is being used to fund new products that will earn back the losses. Others are becoming more concerned about the long-term profitability of the company and its new endeavors, including same-day grocery delivery service.
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