Wednesday, May 06, 2015
Current Weather
Loading Current Weather....
Published: Friday, 7/27/2012 - Updated: 2 years ago

Amazon posts 96% drop in profit for quarter

SEATTLE -- Amazon.comInc. reported Thursday that profit for the quarter ended June 30 was $7 million, or 1 cent a share, a drop of 96 percent from $191 million, or 41 cents, a year ago. Revenue grew 29 percent to $12.8 billion from a year ago.

The company projected an operating loss for the current quarter.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories