Company takes $170 million write-down, stock dips more than 10%.
by Lee Hutchinson - Oct 27 2014Amazon’s financial results for the third financial quarter of 2014 didn’t do the company any favors when they were announced late last week; the retail giant posted a quarterly net loss of $437 million, up dramatically from last year’s 3Q loss of $41 million. The biggest single contributor to the bad news? Amazon’s Fire Phone.
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