Amazon announced its Q3 2013 results, posting a net loss.
On Thursday, October 24, the company announced a net loss of $41 million or 9 cents per share and net sales of $17.09 billion in Q3 of 2013. When compared to Q3 2012 the net loss is down from $274 million and net sales up by 24 percent.
Analysts predicted a loss of 9 cent per share on $16.76 billion revenue for Q3 2013. Amazon also said that it anticipated revenue between $15.45 billion and $17.15 billion for the third quarter of the year.
Amazon also announced that the company has been very busy in the last three months as it launched a new Paperwhite and new Kindle Fire tablets. The online retailer also took its opportunity to boast about the Mayday button found on new Kindle Fire tablets, which connects for free to an Amazon expert to get tech-support.
"In the last 90 days, our AWS team got back to work on a big government contract, we brought 8 million square feet of fulfillment center capacity online, deployed 1,382 Kiva robots in three FCs, provided a new venue for artists to reach customers, signed up millions of new Prime members, announced Kindle MatchBook, Login & Pay, and nine new original TV pilots, joined the Code.org coalition, acquired TenMarks-a company that helps kids with math, scored a win for customers who want to use Kindles on airplanes even during takeoff and landing (also, a big hat tip to Nick Bilton on that one), began hiring and training 70,000 new U.S. FC employees to help serve customers this holiday season, and saw the Kindle Million Club grow to include 14 KDP authors," said Jeff Bezos, founder and CEO of Amazon.com.
Amazon has also made a sales forecast between $23.5 billion to $26.5 billion for the final quarter of the year. Analysts had forecast revenue of $25.9 billion for Q4 2013.
The company's shares were up by $29, or 8 percent, to $361 per share.
