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Thursday, July 24, 2014

Amazon Reports Bigger-Than-Expected Loss

Posted by on Thu, Jul 24, 2014 at 2:00 PM

More bad news for Amazon in their second-quarter report:

The company, which launched the Amazon Fire phone, its first smartphone a few weeks ago, posted a loss of 27 cents per share on revenue of $19.34 billion in the second quarter. Analysts had been expecting on average a loss of 15 cents per share on $19.34 billion in revenue.

At the time of this writing, the online retailer's stock is down about 7 percent in after-hours trading. But Jeff Bezos boasts an eerie power to soothe Wall Street's indigestion. We'll see how he reacts to this news, and I bet the stock market will follow Bezos's lead.


Comments (8) RSS

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VelhoSorriso 2
About time...
Posted by VelhoSorriso on July 24, 2014 at 3:38 PM · Report this
It's hard to read this article through Paul's erection.
Posted by remarkablyadept on July 24, 2014 at 4:01 PM · Report this
Paul Constant the exact-sized piece of shit as expected.
Posted by Sevenwithoneblow on July 24, 2014 at 5:24 PM · Report this
keshmeshi 6
I like to imagine that all these abusive comments are from Bezos himself.
Posted by keshmeshi on July 24, 2014 at 6:36 PM · Report this
word3 7
I was thinking the same thing @6
Posted by word3 on July 24, 2014 at 9:54 PM · Report this
IndicaDogwalk 8
I actually laughed out loud @3 - but it created a rather unpleasant visual.
Posted by IndicaDogwalk on July 24, 2014 at 11:36 PM · Report this
FTW999 9
I also got a giggle from #3
Posted by FTW999 on July 25, 2014 at 8:26 AM · Report this
AFinch 10
@1 - the trouble is, profitability, like Bezos' forward-thinking - always seems to be 10-20 years in the future. At some point investors will insist on seeing profits returned, not just on stock price gains, but in real earnings, and expect that the bill for all the loss-leading forward thinking be footed out of current actual revenue.

There is something delicious about the unabashedly sociopathic Amazon punking the other great American sociopaths: Wall Street.
Posted by AFinch on July 25, 2014 at 8:49 AM · Report this

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