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Amazon Beats Forecast, but Operating Loss Widens
Amazon.com(AMZN Quote), still smarting from the sudden loss of its president, said Wednesday that its operating loss widened in the latest quarter, but the online retailer beat Wall Street's projections and promised to reverse the losses by the end of the year.
The Seattle-based company, however, showed virtually no growth in sales from its first quarter, although sales did rise 84% from the second quarter of last year.
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