Big losses see Amazon's shares hit 12-month low

John Leonard
clock

Investors vote with their feet amid few signs the firm's strategy of acquisitions, price cutting and gadget loss-leaders is working

Amazon's share price hit a 12-month low yesterday as the company revealed higher than expected losses on an earnings call with investors. Shares fell more than 11 per cent in after-hours trading...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Amazon sidesteps carbon offset standard it helped to create

Green

The company says it wants a more ambitious standard

clock 02 July 2024 • 3 min read
Amazon hoping ChatGPT killer will be ready later this year

Artificial Intelligence

LLM 'Metis' will boast twice the parameters of GPT-4

clock 25 June 2024 • 2 min read
Amazon considering monthly subscription fee for Alexa

Artificial Intelligence

Alexa! Cancel my subscription...

clock 24 June 2024 • 3 min read

More on Finance and Reporting

Apple revenues fall - but not by as much as expected

Apple revenues fall - but not by as much as expected

Investors cheered by better-than-expected results and stock buyback

John Leonard
clock 03 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft and Google see AI investments bearing fruit

John Leonard
clock 26 April 2024 • 4 min read
Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read