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Amazon registers modest profit for last quarter of 2014

  • Amazon has registered a negative growth for the last quarter of 2014 on a year-over-year basis. It posted a net profit of $214 million, a drop of $25 million on the same period last year. 

    But the online retail giant did better than the third quarter, when it had recorded a net loss of $437 million.

    However, though its net sales were $89 billion, the firm posted a loss of $241 million for the whole of 2014.

    Amazon also sounded caution by saying that it could make operating losses of up to $450 million in the next few months.

    Tagged as: Amazon, net profit, last quarter, online retail giant, net sales, business news