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Once Again Amazon Sales Grow On Modest Loss — And Shares Take Off

October 24, 2013
By Sarah Weinman

Amazon reported third quarter sales after the close of the market on Thursday that were consistent with the company’s recent pattern, growing sales significantly and continuing to lose a little bit of money along the way. With shares already trading near record levels, the stock was buoyant in after-market trading Thursday and on Friday morning it was up roughly 10 percent, at a new all-time high of approximately $365 a share. As usual, internet-fueled theories that minor changes in shipping charges were related to some extraordinary impairment to the company’s p&l were completely wrong. Sales grew 24 percent to $17.1 […]

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Filed Under: Booksellers, Earnings Reports

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