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Amazon expected to post first unprofitable year since 2014 and worst loss since the dot-com bust Amazon.com Inc. is expected to reveal this week its first unprofitable year since 2014 and the worst year for its bottom line since 2000 — and expectations for this year aren’t headed in a positive direction. Amazon AMZN, +2.57% reported roughly $3 billion in total losses through the first nine months of the year, and Wall Street analysts on average are projecting about $2 billion in net income in the holiday season, according to FactSet. Beyond being its first annual loss since 2014, a loss of $1 billion or more would challenge for the biggest annual loss on Amazon’s books — the only time it has lost more than $1 billion in a year was a $1.4 billion loss in 2000, when Amazon had less than $3 billion in annual revenue. https://www.marketwatch.com/stor ... om-bust-11675197229 |
