Amazon.com Inc. reported a smaller-than-expected net loss of $94 million in the second quarter 2002. The e-tailer had a loss of $168 million a year earlier. Revenue increased 21% to $806 million from $668 million the previous year. The Web superstore had projected revenue between $765 million to $815 million. Amazon stripped out a range of charges, including stock-based compensation to arrive at the
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Amazon.com Inc. reported a smaller-than-expected net loss of $94 million in the second quarter 2002. The e-tailer had a loss of $168 million a year earlier.
Revenue increased 21% to $806 million from $668 million the previous year. The Web superstore had projected revenue between $765 million to $815 million.
Amazon stripped out a range of charges, including stock-based compensation to arrive at the narrower loss.
The Seattle company announced that, in the wake of accounting scandals nationwide, it planned to expense all stock options starting in 2003.
