Feeds

Amazon loss widens in Q3

But revenue continues to grow too

  • alert
  • submit to reddit

Top 10 endpoint backup mistakes

Amazon.com revealed massively widening losses when it posted its third-quarter results, yesterday. The company was in the red to the tune of $24.7 million, well up on the $9.6 million it posted last year. The Q3 loss also excludes merger and acquisition-related charges, which took the loss to $45.2 million. Still, the loss was less than Wall Street had anticipated -- analysts were predicting a 57c per share loss, compared to the 49c per share the company posted -- thanks to the strength of Amazon's music sales. The company has sold $14.4 million of CDs in Q3. It opened its music section in June. Overall, its revenues reached $153.7 million around four times as much as it made for the same period last year. Amazon also said it 1.2 million more customers used its site druing the quarter, bringing the total number of accounts to 4.5 million. It also claimed over 64 per cent of its Q3 business came from repeat orders. ® Click for more stories Click for story index

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?