Amazon.com Inc. widely missed Wall Street expectations in reporting a third-quarter loss of $274 million, sending its stock down in after-hours trading.
The world's largest online retailer also forecasted fourth-quarter results that could range from a $490 million loss to a $310 million profit.
Amazon's net loss, amounting to 60 cents a share, was much lower than the 8 cents a share that analysts in a Thomson Reuters survey had anticipated. For last year's third quarter, Amazon earned $63 million, or 14 cents a share, and sales were $9.4 billion.
Quarterly sales for the world's largest online retailer rose 27% to $13.8 billion from $10.9 billion. Analysts had expected revenue of $13.9 billion.