Skip navigation
News
icon

Amazon Records First Loss in Nine Years

By JCK Staff
Posted on October 31, 2012
Printer-friendly versionsend to friend
Comments

On Oct. 25, e-tail giant Amazon.com reported a third quarter loss—its first in nine years.

The company’s net loss was $274 million in the third quarter, compared with net income of $63 million in third quarter 2011.

Some $169 million of that loss was related to Amazon’s investment in group-deal provider LivingSocial, the company said.

Still, the company’s sales remain on the rise: In the third quarter, they jumped 27 percent to hit $13.81 billion, compared with $10.88 billion in third quarter 2011.

 

To receive the latest jewelry news and blogs every day, subscribe to JCK’s e-newsletter here.
© 2014 Reed Exhibitions, a division of Reed Elsevier Inc. All rights reserved. Use of this website is subject to its Terms of Use and Privacy Policy.
Website design and management by McMurry/TMG, a custom media firm. 1129 20th Street NW, Suite 700, Washington, DC 20036.