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Amazon posts disappointing Q3 earnings
 
Amazon used to have the market cornered on the instant gratification cherished by online shoppers, but now Walmart's competing head-to-head, at least in the holiday season.
Amazon used to have the market cornered on the instant gratification cherished by online shoppers, but now Walmart's competing head-to-head, at least in the holiday season.
CC BY: brendan-c

Amazon posted a larger loss than analysts expected, despite impressive sales, in its third-quarter earnings report released late Thursday. The company saw a net loss of $274 million on sales of $13.81 billion, falling just short of Wall Street estimates. Amazon also posted a loss of $169 million related to the company's stake in LivingSocial, a Groupon competitor that Amazon originally invested $175 million in. Following the news, the company's share prices took a slight tumble, down 6.28 percent in after-hours trading. 

 

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