Same Old Amazon: All Sales, No Profit

Now we have a fresh example of this living, breathing corporate contradiction. Amazon just posted a healthy $17.09 billion in net sales during its third quarter, a 24 percent jump compared with the same period a year ago. But the company lost 9¢ per share. This is what amounts for good news to Amazon shareholders: Analysts had predicted sales of $16.77 billion and accurately predicted that 9¢ loss.

Naturally, shares rose about 1.5 percent in after-hours trading.

via Same Old Amazon: All Sales, No Profit – Businessweek.

the Teflon Don of the Stock Market

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