Amazon.com, Inc. Bombs In 3Q Earnings

Operating losses were $544 million in the third quarter, compared to last year’s $25 million. Net losses were $437 million, compared to losses of $41 million last year.

[…]

For the fourth quarter, Amazon said it expects net sales of between $27.3 billion and $30.3 billion, which is a 7% to 18% growth rate year over year. The company expects operating results to be between a loss of $570 million and a gain of $430 million. That’s compared to a gain of $510 million in last year’s fourth quarter.

Amazon.com, Inc. Bombs In 3Q Earnings.

 

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