Amazon Reports Sales Of $13.81B For Q3, Loses 60 Cents Per Share (More Than Analysts Estimated)

Amazon.com just released its third-quarter earnings report, which shows higher sales and a bigger loss than analysts expected. Net sales grew to $13.81 billion, up 27 percent from the same period last year. The company saw a net loss $274 million, or 60 cents per diluted share, compared to operating income of $63 million last year. Analysts had predicted sales of $13.60 billion and a loss of 8 cents per share. The earnings report includes this statement from CEO Jeff Bezos

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