Amazon Reports A $7M Loss In Second Quarter
Originally published at www.seclive.com
Filing in Focus: Amazon.com 8-K, July 25, 2013
Amazon.com (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.
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