Amazon Remains Focused on Long-Term Growth

July 28th, 2013
in contributors, syndication

by Felix Richter, Statista.com

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Amazon reported a $7 million loss for the second quarter of 2013, as the company continues to sacrifice short-terms profits in favour of long-term growth.

In the past three months, the Seattle-based e-commerce giant invested heavily into warehouses, digital content and its Kindle business and subsequently reported a minor loss despite healthy revenue growth. The company posted net revenue of $15.7 billion, a 22 percent increase over last year’s second quarter.

The results were just below what analysts had expected, but the stock price gave in only slightly following the release.

Follow up:

Amazon’s shareholders remain remarkably trustful of CEO Jeff Bezos’ long-term vision. Despite the lack of profits, the company is currently traded at a valuation of almost $140 billion, putting Amazon’s price-to-earnings ratio at outer worldly levels.

Our chart illustrates how Amazon’s revenue continues to soar, while the company fluctuates between miniscule losses and small profits.

amazons-revenue-and-profit-growth
You will find more statistics at Statista

 

 















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