Amazon Posts Big Quarterly Loss as Expansion Expenses Mount - Presented by: The Aol. On Network

Amazon, the world’s largest online store reported a second-quarter loss per share of 27 cents, far wider than analysts' estimates of a 15 cents a share net loss. Top-line growth was as expected, up 23% from a year earlier to $19.34 billion. The wider-than-expected net loss is largely a result of increased investment in new initiatives. The company has been expanding its hardware line, including the recent launch of the Fire smartphone, and entertainment services such as Kindle Unlimited. For its



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