Amazon Q3 Loss Worse Than Expected, As Is Q4 Guidance

By | October 23, 2014

Scalper1 News

Heavy spending continues to dog Amazon.com, which late Thursday posted what was its biggest loss in more than a decade — one much deeper than Wall Street analysts had expected, sending shares falling in after-hours trading. Amazon (AMZN) posted revenue that rose 20% from the year-earlier quarter but fell shy of analyst views, as did the company’s Q4 revenue guidance. Total operating expenses rose 23.4% to $21.1 billion. Amazon stock was down 11% Scalper1 News

Scalper1 News