Feeds

Amazon.com loss widens 200 per cent

And sequential sales growth is right off

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Amazon.com's loss continues to widen - this time by a whopping 200 per cent. And the e-tailer recorded its first quarter-on-quarter drop in revenue. Still, the company's love of the red has clearly reached such proportions that Wall Street expected it to announce an even deeper Q1 loss. Amazon.com said its US books, music and video sales operations lost $2.4 million on revenues of $401.14 million. The company claimed book sales showed a profit, but it didn't specify by how much. Its other departments lost $69.4 million on sales of $97.3 million. Overseas, Amazon.com's ventures lost a combined $27.4 million of sales of $75.1 million. Pro forma net losses for the three-month period - excluding investment and other charges - were $121 million, which amounts to earnings of 35 cents a share. Analysts had the loss pegged at 36 cents a share, according to First Call's poll. Its margins remain static, at 22 per cent for this and the previous quarter. ® Related Story Amazon sells Phantom Menace for 12p

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
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
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
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
prev story

Whitepapers

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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.