The Latest in IT Security

Amazon expects to lose half a billion dollars in the next three months

25
Jul
2014

Amazon has a pretty stable pattern when it comes to reporting earnings. For the last couple years that has kept the companys share price on a steady upward climb. Today Amazon announced its second quarter earnings, and losses were nearly twice what analysts had predicted, leading to a more than 5 percent drop in its share price during after-hours trading. More importantly, Amazon predicted that its losses for next quarter would be between $410 and $810 million, or more than 16 times the amount it lost during the third quarter of last year.

Tags:  
Comments are closed.

Categories

MONDAY, NOVEMBER 20, 2017

Featured

Archives

Latest Comments

Social Networks