Reuters: Technology News: Amazon reports weak results, shares fall over 5 percent

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Amazon reports weak results, shares fall over 5 percent Oct 25th 2012, 20:32 Tweet Share this Email Print Related News Apple unwraps mini-iPad to take on Amazon, Google Wed, Oct 24 2012 Facebook mobile revenue grows faster than expected Tue, Oct 23 2012 Dismal results heighten RadioShack's woes; shares drop Tue, Oct 23 2012 Mobile revolution, economy trip up tech giants Fri, Oct 19 2012 American Airlines posts loss, but business improves Wed, Oct 17 2012 Related Topics Investing Simplified » Tech » Hot Stocks » Asian Markets » A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. Credit: Reuters/Rick Wilking SAN FRANCISCO | Thu Oct 25, 2012 4:10pm EDT SAN FRANCISCO (Reuters) - Amazon.com Inc reported a big quarterly net loss on Thursday as the world's largest Internet retailer spends heavily to expand existing operations and develop new businesses. Amazon said its third-quarter net loss was $274 million, or 60 cents a share, versus net income of $63 million, or 14 cents a share, in the third quarter of 2011. Part of the loss related to an impairment charge from Amazon's investment in daily deal company LivingSocial. Third-quarter revenue was $13.81 billion, up 27 percent from a year earlier, Amazon also said. (Reporting By Alistair Barr; Editing by M.D. Golan) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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