Amazon.com Inc (NASDAQ:AMZN)announced on Thursday its first quarterly net loss in above five years as the world’s biggest Internet retailer spent aggressively and underwent from an economic slump in Europe.
Amazon shares plunged fractionally to $220.75 in after-hours trading following the earnings announcement.
The firm reported that its third-quarter net loss came $274 million, or 60 cents per share, against net income of $63 million, or 14 cents per share, in the 3Q last year.
Some portion of the loss was associated to an impairment cost from Amazon’s investment in daily deal firm LivingSocial.
Its competitors include Apple Inc. (NASDAQ:AAPL) that slipped -0.41% to $607.30 with the total traded volume of 26.08 million shares and Barnes & Noble, Inc. (NYSE:BKS) that dropped -1.86% to $14.76 with the total traded volume of 227,198.00 shares.
Other Services stocks with bullish trend include eBay Inc (NASDAQ:EBAY) up +2.02% to $49.31, Coinstar, Inc.(NASDAQ:CSTR) up +3.47% to $44.73 and Netflix, Inc. (NASDAQ:NFLX) up +5.41% to $64.84, whereas with bearish trend include Pandora Media Inc(NYSE:P) down -1.34% to $8.09, Lowe’s Companies, Inc. (NYSE:LOW) down -1.45% to $31.33 and Starbucks Corporation(NASDAQ:SBUX) down -1.56% to $45.53.
Amazon.com, Inc (NASDAQ:AMZN) stock reports on Oct 26, 2012 increased +4.80% to the trading price of $233.53. Its fifty two week range is $166.97-$264.11. The total market capitalization remained $105.86 billion.
The overall volume in the current trading session is 7.93 million shares. In its share capital AMZN has 452.07 million outstanding shares among them 363.60 million shares have been floated in market exchange. AMZN stock institutional ownership remained 67.12% while insider ownership included 19.58%.
AMZN is ahead its 52 week low with +38.94% and lagging behind from its 52 week high price with -12.16%. AMZN last month stock price volatility remained 2.56%. The stock price of AMZN is moving down from its 20 days moving average with -5.57% and remote negatively from 50 days moving average with -6.78%.
AMZN current year earnings per share experienced a downfall of -45.82% while its current quarter performance remained -6.07%. Company’s beta coefficient included 0.90. Beta factors measures the amount of market risk associated with market trade.
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