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| Online retailer Amazon posts its third quarterly loss | Online retailer Amazon posts its third quarterly loss |
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| The world's largest online retailer Amazon has posted its third straight quarterly loss this year due to higher spending and new product launches. | The world's largest online retailer Amazon has posted its third straight quarterly loss this year due to higher spending and new product launches. |
| The company saw its net loss narrow to $41m (£25m) for the three months ending in September, compared to losses of $274m a year earlier. | The company saw its net loss narrow to $41m (£25m) for the three months ending in September, compared to losses of $274m a year earlier. |
| Investors were enthused by its better-than-expected sales forecast for the upcoming holiday shopping season. | |
| Shares rose by as much as 9.6% in after-hours trading in New York. | Shares rose by as much as 9.6% in after-hours trading in New York. |
| Amazon said it expects fourth-quarter sales of $23.5bn to $26.5bn, which topped analyst forecasts for revenue of $25.9bn. | |
| The Seattle-based company has seen its profitability dented this year because of heavy spending on new growth areas. | The Seattle-based company has seen its profitability dented this year because of heavy spending on new growth areas. |
| This includes expanding its Kindle line of e-readers and tablets, and boosting its delivery network and cloud-computing services. | This includes expanding its Kindle line of e-readers and tablets, and boosting its delivery network and cloud-computing services. |
| The company has also been building more warehouses to reduce shipping costs and is adding robots to increase its efficiency in delivering orders. | The company has also been building more warehouses to reduce shipping costs and is adding robots to increase its efficiency in delivering orders. |
| Amazon founder and chief executive Jeff Bezo said in a statement that ''it's been a busy few months." | Amazon founder and chief executive Jeff Bezo said in a statement that ''it's been a busy few months." |