“Amazon.com, the world’s largest e-retailer that often straddles the thin line between profits and losses, fell into the red in the second quarter,” Abram Brown reports for Forbes.
“Amazon.com lost $7 million, 2 cents a share, after earning $7 million, 2 cents a share, a year earlier,” Brown reports. “Analysts expected Amazon.com to turn a profit and make 4 cents a share. Revenue increased 22% to $15.7 billion, just meeting analysts’ forecasts.”
Brown reports, “CEO Jeff Bezos, true to his focus on building his company rather than making money, offered no specific reason why Amazon.com struggled in the quarter. What is clear is that the company continues to exist with paper-thin margins. Amazon.com’s operating margin of net sales was a tiny 0.5%.”
Read more in the full article here.
MacDailyNews Take: Hey, Bozos, ask Mikey Dell how making it up in volume goes.
More time focusing on your obviously fragile business, less time whining to the DOJ.
Apple beats Street on record quarterly iPhone sales – July 23, 2013