Amazon.com reports first quarterly loss in nine years

That compares to net income of $63 million, or 14 cents per share, in the same quarter a year ago.

It was the first quarterly loss for Amazon in more than nine years, the Wall Street Journal reported.

Amazon (Nasdaq: AMZN) said its revenue growth slowed while it has invested heavily on developing such products as the Kindle tablets and e-readers and in opening new warehouses.

In North Texas, Amazon has asked the City of Coppell for tax breaks to locate a possible distribution center there and the company reportedly is considering the Alliance area of Fort Worth, as well, for a center.

Leave a Reply

error: Content is protected !!