Sign in to comment!



Amazon posts bigger second-quarter loss, misses forecast

f7c388b86e967410VgnVCM100000d7c1a8c0____-Earns Amazon-1.jpg

This June 4, 2014 photo shows boxes in Phoenix. Amazon reports quarterly financial results on Thursday, July 24, 2014. (AP Photo/Ross D. Franklin) (The Associated Press) 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 ( using data from Zacks Investment Research. Full AMZN report:


Keywords:Amazon,Earnings Report