Amazon reports steep loss after launching bevy of new products, services

Amazon on Thursday reported poorer-than-anticipated second quarter results. The online retail giant posted a loss of $126 million, or 27 cents per share - far greater than the 15 cents per share loss that analysts had forecasted.

In the year-ago period, Amazon posted a loss of just $7 million, or 2 cents per share. Revenue, however, rose 23 percent to $19.34 billion and was spot-on with expectations of $19.33 billion. That's up from $15.7 billion during the same period in 2013.

Amazon launched a number of new products and services this quarter which is the primary reason why losses were so steep.

As Amazon founder and CEO Jeff Bezos outlined in the earnings report, his company recently introduced Sunday delivery to a quarter of the US population. They also launched European cross-border two-day delivery for Prime, launched Prime Music, created three original kids TV series, launched the Fire TV set-top box, launched the Fire smartphone and launched Kindle Unlimited.

He said they are continuing to work hard to make the Amazon customer experience better and better.

Despite all of that, however, investors weren't pleased with Amazon's results. Share value plummeted more than 10 percent on the news, losing more than $36 of its value.

Looking ahead, Amazon expects third quarter revenue between $19.7 billion and $21.5 billion while analysts anticipate revenue around $20.81 billion.

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Amazon reports steep loss after launching bevy of new products, services

Amazon on Thursday reported poorer-than-anticipated second quarter results. The online retail giant posted a loss of $126 million, or 27 cents per share - far greater than the 15 cents per share loss that analysts had forecasted.

In the year-ago period, Amazon posted a loss of just $7 million, or 2 cents per share. Revenue, however, rose 23 percent to $19.34 billion and was spot-on with expectations of $19.33 billion. That's up from $15.7 billion during the same period in 2013.

Amazon launched a number of new products and services this quarter which is the primary reason why losses were so steep.

As Amazon founder and CEO Jeff Bezos outlined in the earnings report, his company recently introduced Sunday delivery to a quarter of the US population. They also launched European cross-border two-day delivery for Prime, launched Prime Music, created three original kids TV series, launched the Fire TV set-top box, launched the Fire smartphone and launched Kindle Unlimited.

He said they are continuing to work hard to make the Amazon customer experience better and better.

Despite all of that, however, investors weren't pleased with Amazon's results. Share value plummeted more than 10 percent on the news, losing more than $36 of its value.

Looking ahead, Amazon expects third quarter revenue between $19.7 billion and $21.5 billion while analysts anticipate revenue around $20.81 billion.

Next Microsoft explains quantum computing in this easy-to-follow videoPrev Jimmy Kimmel tells people this $20 Casio watch is Apple's new iWatch

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Apple reports quarterly earnings led by solid iPhone sales

Apple on Tuesday posted fiscal third quarter results led by solid iPhone sales. The Cupertino-based company brought in $37.4 billion in revenues, up six percent compared to the year-ago quarter. Profit checked in at $7.75 billion, up from the $6.9 billion during the same period in 2013.

Tim Cook and company sold 35.2 million iPhones during the quarter, a jump of 12.7 percent year-over-year although just shy of analysts' estimates. It's an impressive figure considering we're just a few months away from one of the most anticipated iPhone launches ever but it's worth pointing out that strong overseas iPhone sales certainly played a part in the quarterly figure.

While iPhone sales were solid, Apple once again turned in disappointing results as it relates to the iPad. Sales were down 9.2 percent at just 13.3 million versus the 14.6 million units moved last year. iPad sales were down 16 percent during the previous quarter.

Apple is clearly having a hard time moving its tablet in the wake of cheaper competition and large-screen smartphones.

Apple shares are up 0.83 percent in after hours trading as of writing, currently priced at $94.72. That may seem low if you kept up with Apple's ridiculously high stock prices not all that long ago but you have to remember, the company did a seven-for-one stock split back in June.

Looking ahead, Apple anticipates revenues of $37 billion to $40 billion during the next quarter.

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