Tag Archives: amzn

Amazon Enters Publishing Venture With Warner TV Unit

Amazon.com (AMZN) said Tuesday it has launched a digital publishing venture with Warner Bros. Television Group unit Alloy Entertainment. The venture will focus on publishing young adult, new adult and commercial fiction as digital-first imprints that will debut online. The new imprint, named Alloy Entertainment, will be part of Amazon Publishing’s Power by Amazon online publishing program. Publishers and authors in the program can access Amazon’s

Amazon Downgraded As Earnings Miss, Costs Rise

Amazon (AMZN) stock plummeted in morning trading in the stock market today, a day after the e-commerce leader issued Q2 earnings that missed analyst forecasts by 12 cents on rising marketing, fulfillment, technology and other costs. Amazon’s revenue met views, but its Q3 outlook called for escalating losses and missed Wall Street views. At least five investment banks downgraded their ratings on Amazon stock, while at least five lowered their price

Amazon Losses Mount As E-Com King Spends To Grow

Amazon.com stock skidded 10% in after-hours trading Thursday after the e-commerce leader posted a much-bigger-than-expected Q2 loss, as the company continues to spend heavily for growth. Q2 revenue jumped 23% from the year-earlier quarter and met views, but the company forecast rising losses for the current quarter that also missed Wall Street views. For Q2, Amazon (AMZN) reported a per-share loss of 27 cents, compared with a 2-cent loss in the