AP News

News Summary: Amazon 3Q results below expectations


FALLING SHORT: Amazon reported third-quarter results below Wall Street's expectations on Thursday — including a large loss from its stake in online deals service LivingSocial.

NUMBERS STORY: The world's largest online retailer posted a loss of $274 million, or 60 cents per share. That's down from $63 million, or 14 cents per share, a year earlier.

Revenue grew 27 percent to $13.81 billion, falling short of analysts' expectations.

BETTER DAYS? Amazon.com Inc. forecast revenue of $20.25 billion to $22.75 billion for the current quarter. Analysts expected $22.82 billion.


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