Amazon, as popular and pervasive as it is, has almost always run extremely lean profit margins from its business. The business model has worked and enchanted investors for years, but today’s quarterly financials may have tarnished that luster for a while.Amazon had already been forecasting a loss for the quarter, about 74-cents per-share on $20.84 billion in revenue. Instead, Amazon posted a net-income loss of $437 million on $20.58 billion, which represents about a 95-cent per-share loss.
Needless to say, Amazon’s stock took a beating in the after hours, down roughly more than ...
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