‘Amazon Investors Are Starting to Get Impatient’ – ‘Mashable’
Jason Abbruzzese says, “Amazon is known for quick delivery, but for investors waiting for a profit, it’s been a long haul. They are starting to get impatient.
The ecommerce giant posted revenue of $19.3 billion in the second quarter of 2014 but lost $126 million, or $0.27 per share. Analysts had expected the $19.3 billion of income but projected a far smaller loss of $0.15 per share.
Amazon shares moved 10% lower in after-hours trading following the reports, extending the company’s downturn”.
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