Sydney: Online retailer Amazon.com has reported a loss of 41 million dollars in its third quarter that ended in September, despite a 24 percent rise in sales during the same period.
The Seattle-based company has been investing heavily on launching new products, expanding the number of fulfilment centres, filling orders, marketing and technological improvements and innovations with robots, News.com.au reports.
According to the report, the company’s revenue jumped to 17.09 billion dollars from 13.81 billion dollars, more than Wall Street’s prediction of 16.76 billion dollars.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
