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Amazon sales rose 20% in 3rd qtr but lost $544m

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Amazon sales rose 20% in 3rd qtr but lost $544m

Oct 24 2014

Amazon's release of its third quarter financial results Thursday afternoon gave analysts and investors lots to think about as the giant e-tailer posted a large quarterly loss, forecast the possibility of a loss for the fourth quarter and had slowing growth in its media segment.

In the period ended September 30, sales rose 20 percent to $20.58 billion and Amazon had an operating loss of $544 million compared to a loss of $25 million in the third quarter of 2013.

Source: Publishers Weekly

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