THE ASSOCIATED PRESS
NEW YORK -- Amazon.com beat Wall Street's expectations Tuesday, posting higher sales and a lower loss than expected in the third quarter.
The company lost $241 million in the quarter, 22 percent more than the $197.1 million it lost in the year-earlier quarter. On a per-share basis, the loss was 68 cents a share, compared with 59 cents in 1999.
The company posted sales of $638 million, up 79 percent from a year earlier. The sales figure included $20 million worth of toys that Amazon sold to Toysrus.com, which is taking over Amazon's online toy store.
archive