Amazon stocks drop after retailer warns of losses

Jan 31, 2014, 1:08 AM EST
Amazon shipments in the packet and parcel section of the Royal Mail's Swan Valley mail centre on December 18, 2013 in Northampton, England.
Matthew Lloyd/Getty Images

Amazon.com Inc missed Wall Street's profit estimates for the crucial holiday period and cautioned investors about a possible operating loss this quarter, pushing its shares down more than 4 percent on Thursday. The world's largest Internet retailer, which has spent heavily to forge new markets in cloud computing and digital media, expects operating results for the current quarter to range from a $200 million loss to a $200 million profit, compared with a $181 million profit a year ago.

Background:

Amazon warns of possible first-quarter loss, stock falls [Reuters]

The price of Amazon Prime may go up for first time - by a lot [HuffPo]

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