Revenue was on the money but investors bolt stock in after-hours trade after news of unexpected quarterly loss. July 25, 2013 1:11 PM PDT (Credit: Getty Images) second-quarter earnings Surprise. Amazon lost 2 cents a share on $15.7 billion in revenue in the second quarter. The sales figure, up 23 percent from the year-earlier quarter, was on target but analysts had expected a 5 cent-per-share profit. Wall Street does not like these sorts of surprises and the stock was off nearly 2 percent in after hours trading. Earlier Amazon's stock finished up the day nearly 1.5 percent to close at $303.40. The company did not immediately address the loss. In a prepared statement, CEO Jeff Bezos said: "We're so grateful to our customers for their response to Kindle devices and our digital ecosystem. This past quarter, our top 10 selling items worldwide were all digital products - Kindles, Kindle Fire HDs, accessories and digital content." A conference call where management will discuss the earnings is slated for this afternoon. More to come. Amazon CEO Jeff Bezos (Credit: David McNew/Getty Images)

Posted by : Unknown Thursday, July 25, 2013

Revenue was on the money but investors bolt stock in after-hours trade after news of unexpected quarterly loss.

July 25, 2013 1:11 PM PDT

(Credit: Getty Images)

second-quarter earnings

Surprise.

Amazon lost 2 cents a share on $15.7 billion in revenue in the second quarter. The sales figure, up 23 percent from the year-earlier quarter, was on target but analysts had expected a 5 cent-per-share profit.

Wall Street does not like these sorts of surprises and the stock was off nearly 2 percent in after hours trading. Earlier Amazon's stock finished up the day nearly 1.5 percent to close at $303.40.

The company did not immediately address the loss. In a prepared statement, CEO Jeff Bezos said:

"We're so grateful to our customers for their response to Kindle devices and our digital ecosystem. This past quarter, our top 10 selling items worldwide were all digital products - Kindles, Kindle Fire HDs, accessories and digital content."

A conference call where management will discuss the earnings is slated for this afternoon. More to come.