Amazon Tanks 10% After Reporting Larger Than Expected Third Quarter Loss

 Amazon reported lower than expected revenue in its third quarter, and a larger than expected loss. Analysts expected the company to lose $0.74 on revenue of $20.84 billion. Instead, Amazon lost $0.95 per share on revenue of $20.58 billion. That per-share loss works out to a net loss for the firm of $437 million. Shares in the firm took it poorly, as investors headed for the… Read More