SEATTLE – Amazon.com Inc. (AMZN) on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
The Seattle-based company posted a loss of $126 million, or 27 cents per share, compared with $7 million, or 2 cents per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The company said revenue rose 23 percent to $19.34 billion from $15.7 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $19.33 billion, according to Zacks.
Amazon shares have decreased $40.18, or 10 percent, to $358.61 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.6 percent. However, the stock has increased $55.21, or 18 percent, in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full AMZN report: http://www.zacks.com/ap/AMZN