Amazon reported a quarterly loss of $0.02 cents per share on Thursday despite generating more than $15 billion in revenue.
The company increased second quarter sales 22 percent compared the same period last year, and its share price has stabilized after initially falling in after-hours trading.
Though it adds new users and generates more sales each year, it regularly posts profit margins of less than one percent. This has long been the wrap on the company.
Analysts expected Amazon to report earnings per share of $0.06, but the company ended up at $0.02, as the rise in costs outmatched the rise in sales.
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The company increased second quarter sales 22 percent compared the same period last year, and its share price has stabilized after initially falling in after-hours trading.
Though it adds new users and generates more sales each year, it regularly posts profit margins of less than one percent. This has long been the wrap on the company.
Analysts expected Amazon to report earnings per share of $0.06, but the company ended up at $0.02, as the rise in costs outmatched the rise in sales.
Read more
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