Published on October 25th, 2013 | by The GC Team0
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.”