Amazon Posts Narrower Loss, Sales Gain
Tuesday July 22, 4:08 pm ET
SEATTLE (Reuters) - Amazon.com Inc. (NasdaqNM:AMZN - News), the Internet's largest retailer, on Tuesday reported a narrower quarterly loss and higher revenue from a year earlier as it continued to drive costs lower.
The Seattle-based Web seller of books, music, electronics and other goods reported a net loss of $43 million, or 11 cents per share, in its second quarter, compared with a net loss of $94 million, or 25 cents per share, a year earlier.
Revenue rose to $1.1 billion from $806 million a year earlier.
Tuesday July 22, 4:08 pm ET
SEATTLE (Reuters) - Amazon.com Inc. (NasdaqNM:AMZN - News), the Internet's largest retailer, on Tuesday reported a narrower quarterly loss and higher revenue from a year earlier as it continued to drive costs lower.
The Seattle-based Web seller of books, music, electronics and other goods reported a net loss of $43 million, or 11 cents per share, in its second quarter, compared with a net loss of $94 million, or 25 cents per share, a year earlier.
Revenue rose to $1.1 billion from $806 million a year earlier.