AMZN: Amazon Loses Money, But Shares Still Worth More Than $200

Amazon Loses Money, But Shares Still Worth More Than $200
by Valuentum

Online giant Amazon (AMZN) reported another quarter of solid revenue growth masked by subpar profitability Thursday afternoon. Revenue surged 27% year over year to $13.8 billion, just below consensus estimates. Earnings swung to a loss of $0.23 per share compared to a profit of $0.14 last year, on an adjusted basis, which was much worse than expected. On a GAAP basis, the company lost $0.60 per share thanks to recognizing a large loss on deal site LivingSocial. Click here to learn why we think Amazon's $200-plus price tag is justified. read more »

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