Jeff Bezos is testing the patience of investors after Amazon.com
Inc. missed analysts’ estimates for a second straight quarter,
sending the shares tumbling 11 percent.
The world’s largest online retailer yesterday reported a
second-quarter loss of $126 million, more than double what was
predicted, even as sales climbed 23 percent to $19.3 billion.
Expenses jumped 24 percent to $19.4 billion. […]
The loss in the latest period was the biggest since the third
quarter of 2012, when Amazon posted a $274 million loss. Looking
ahead, Amazon projected sales of $19.7 billion to $21.5 billion
for the current quarter. Operating losses are projected to be $810
million to $410 million, Amazon said.
You can’t dig forever.