2019-12-05 DAD Christmas header banner 468×60

Finance

Published on October 25th, 2013 | by The GC Team

0

Amazon narrows Q3 losses as sales rise 24%

Amazon narrowed its third-quarter operating loss from $28 million in Q3 2012 to $25 million. Net sales at the online retail business increased 24% to $17.09 billion, compared with $13.81 billion in the same period last year.

Net losses of $41 million compared with losses of $274 million in Q3 2012.

In its fourth-quarter 2013 guidance, the company said it expects net sales to be between $23.5 billion and $26.5 billion, or to grow between 10% and 25% compared with fourth quarter 2012.

Operating income is expected to be between a negative $500 million and a positive $500 million, compared to $405 million in fourth quarter 2012.

The guidance includes approximately $350 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, said Amazon, “that no additional business acquisitions, investments, restructurings, or legal settlements are concluded and that there are no further revisions to stock-based compensation estimates.”

Tags: ,


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

thirteen − eleven =

Back to Top ↑

By clicking "Subscribe", you agree with our terms:
Mud Hut Publishing Ltd will use the information you provide on this form to be in touch with you with relevant news and content. You can change your mind at any time by clicking the unsubscribe link in the footer of any email you receive from us, or by contacting us at info@gcmagazine.co.uk. We will treat your information with respect. For more information please view our privacy policy.
Stay connected with GC’s regular news updates...
Subscribe