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updated: 10/25/2013 7:17 AM

Amazon narrows 3Q loss as sales jump 24 pct

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  • Jeff Bezos, CEO of Amazon.com, holds the 8.9-inch version of the new Amazon Kindle HDX tablet computer in Seattle. Amazon.com's revenue rose more than Wall Street expected in its fiscal third quarter, but the online retailer posted another loss due to ongoing investments in its business.

      Jeff Bezos, CEO of Amazon.com, holds the 8.9-inch version of the new Amazon Kindle HDX tablet computer in Seattle. Amazon.com's revenue rose more than Wall Street expected in its fiscal third quarter, but the online retailer posted another loss due to ongoing investments in its business.
    Associated Press

 
Associated Press

SEATTLE -- Amazon.com says that its fiscal third-quarter loss narrowed as revenue grew 24 percent.

The Seattle-based online retailer also said Thursday that it expects growth in its fourth-quarter revenue, indicating confidence as it enters the key holiday shopping season.

Amazon posted a loss of $41 million, or 9 cents per share, for the quarter that ended in September. That is compared with a loss of $274 million, or 60 cents per share, in the same quarter last year. The prior year includes a one-time $169 million loss related to its stake in online deals site LivingSocial.

Revenue came to $17.09 billion from $13.81 billion.

Analysts were anticipating a loss of 9 cents per share on $16.76 billion in revenue.

Shares rose nearly 7 percent in after-hours trading.

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