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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.

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