Amazon hit by surprise loss last quarter, despite 22 percent rise in sales

The retail game is all about scraping big profit out of tiny margins, and nowhere is that more evident than in Amazon's latest financial report. The company managed grow revenue by 22 percent year-over-year between April and June, and yet it managed to confound analysts by making a loss of $7 million, versus a $7 million profit in the same quarter last year.

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