News Summary: Amazon 3Q results below expectations

News Summary: Amazon reports big loss, 3rd-quarter results below Wall Street's expectations

Associated Press
Amazon posts 3Q results below expectations

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FILE-In this Thursday, Sept. 6, 2012, file photo, Jeff Bezos, CEO and founder of Amazon, speaks at the introduction of the new Amazon Kindle Fire HD and Kindle Paperwhite personal devices, in Santa Monica, Calif. Amazon reported third-quarter results below Wall Street’s expectations on Thursday, Oct. 25, 2012, including a large loss that was weighed by its stake in its online deals service LivingSocial and continued investments in technology and distribution centers to grow its business. (AP Photo/Reed Saxon)

FALLING SHORT: Amazon reported third-quarter results below Wall Street's expectations on Thursday — including a large loss from its stake in online deals service LivingSocial.

NUMBERS STORY: The world's largest online retailer posted a loss of $274 million, or 60 cents per share. That's down from $63 million, or 14 cents per share, a year earlier.

Revenue grew 27 percent to $13.81 billion, falling short of analysts' expectations.

BETTER DAYS? Inc. forecast revenue of $20.25 billion to $22.75 billion for the current quarter. Analysts expected $22.82 billion.

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