25.07.2014 - Amazon.com reported a loss
Amazon.com has once again failed to transfer into a profit a substantial increase in sales. Revenue from e-commerce grew by 23% in the second quarter, but loss of the company has appeared bigger than over the same period of the last year. Among the successful projects of the company should be mentioned the delivery of food, no limit rent of e-books as well as its own smartphone.
As a result, the company received a $ 126 million loss, compared with a loss of $ 7 million in the same period of the last year. Despite the poor financial statements, sales of the company continue to grow and the development of services for the delivery should increase the investment attractiveness of the company's shares. We recommend keeping the stock in the long term portfolio with growth potential through the year by 15-20%.