Business

Amazon Narrows 3Q Loss As Sales Jump 24 Percent

View Comments
(Photo by UWE ZUCCHI/AFP/Getty Images)

(Photo by UWE ZUCCHI/AFP/Getty Images)

News

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

SEATTLE (AP) — Amazon.com says that its fiscal third-quarter loss narrowed as revenue grew 24 percent.

The Seattle-based online retailer also said Thursday that it expects growth in its fourth-quarter revenue, indicating confidence as it enters the key holiday shopping season.

Amazon posted a loss of $41 million, or 9 cents per share, for the quarter that ended in September. That is compared with a loss of $274 million, or 60 cents per share, in the same quarter last year. The prior year includes a one-time $169 million loss related to its stake in online deals site LivingSocial.

Revenue came to $17.09 billion from $13.81 billion.

Analysts were anticipating a loss of 9 cents per share on $16.76 billion in revenue.

Shares rose nearly 7 percent in after-hours trading.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,140 other followers