Arab Today, arab today increased investments cause amazon to report q2 loss
Last Updated : GMT 04:43:53
Arab Today, arab today
Arab Today, arab today

Increased investments cause Amazon to report Q2 loss

Arab Today, arab today

Arab Today, arab today Increased investments cause Amazon to report Q2 loss

Amazon
Seattle - UPI

Amazon reported Friday a second-quarter loss that was double analysts' expectations, as the company uses capital to fund big expansions plans.
The online retailer reported a loss of $126 million, or 27 cents per share, which was worse than the 15 cents per share Wall Street analysts had estimated. While sales saw a handsome bump of 23 percent to $19.3 billion, expenses also jumped by 24 percent to $19.4 billion.
The loss comes at a time when Amazon CEO Jeff Bezos is investing heavily in new products and services, including an unlimited e-book service, grocery delivery, drone technology, and Amazon's first smartphone, Fire, which is set to go on sale Friday.
"We continue working hard on making the Amazon customer experience better and better," Bezos said in a statement.
Shareholders have backed Bezos and his long-term expansion plans but many will want to see results soon, given that Amazon, which is one of America's most-valued companies, has posted losses for two straight quarters.
While share price climbed 59 percent in 2013, it has fallen 10 percent this year as investors express increasing concern about the company's losses.
"We have a tremendous amount of opportunity," said Amazon's Chief Financial Officer Tom Szkutak. While it's affecting short-term results, "we'll obviously be looking to get great returns on invested capital."
Amazon is not very open about its investments, or whether they are reaping any profits for the company, which includes Kindle sales, its Prime program and profits from its online store.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today increased investments cause amazon to report q2 loss Arab Today, arab today increased investments cause amazon to report q2 loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today increased investments cause amazon to report q2 loss Arab Today, arab today increased investments cause amazon to report q2 loss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday