SAN FRANCISCO: Internet retail titan Amazon on Thursday reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10%.
The Seattle-based firm said that it had a net loss of US$126mil (RM400.86mil) in the quarter that ended June 30, widening the deficit from US$7mil (RM22.27mil) in the same period a year earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!