Amazon said it made a loss in its second quarter as it continued to invest in growth at the expense of profit.
The Seattle-based firm posted a net loss of $7 million (£4.6 million) versus analysts projections of a $28.8 million profit. Total revenue was up 22 per cent to $15.7 billion.
The company has been spending money on its warehouse infrastructure in the US, digital content such as social reading site Goodreads and overseas growth in countries such as India.
'The clock is ticking for Amazon to show that it can sell its goods and services while making a profit that might start to justify its market capitalisation,' Colin Gillis, an analyst at BGC Partners in New York, told Bloomberg.
The company is investing in infrastructure in the US to enable it to deliver products across the country in shorter time frames of two days or less.
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