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Economy

xchrom

(108,903 posts)

12. Amazon reports $126m quarterly loss

Reply to Tansy_Gold (Original post)

Fri Jul 25, 2014, 06:57 AM

Jul 2014

http://www.bbc.com/news/business-28473350

Amazon forecast third quarter sales of between $19.7bn and $21.5bn, which could mean sales growth of as little as 15% - well down on previous quarters.

Amazon has traditionally survived on thin profit margins, but investors have been reassured by strong sales growth.

But today's warning over sales has spooked investors.

In after hours trading in the US shares slumped by 6%.

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