This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full AMZN report: http://www.zacks.com/ap/AMZN
SEATTLE (AP) -- Amazon.com on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
The Seattle-based company posted a loss of $126 million, or $0.27 per share, compared with $7 million, or $0.02 per share, in the same quarter a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of $0.13 per share.
The company said revenue rose 23% to $19.34 billion from $15.7 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $19.33 billion, according to Zacks.
Amazon shares have decreased $40.18, or 10%, to $358.61 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.6%. However, the stock has increased $55.21, or 18%, in the last 12 months.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. And there's one small company making Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!
The Motley Fool recommends Amazon.com and Apple. The Motley Fool owns shares of Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.