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Amazon Results Miss Estimate, Provides Weak Q4 Sales Guidance; Stock Down 7%(dpa-AFX International Compact Via Acquire Media NewsEdge) SEATTLE (dpa-AFX) - Online retailer Amazon.com Inc (AMZN) Thursday reported third-quarter net loss of $437 million or $0.95 per share compared with a loss of $41 million or $0.09 per share last year. On average, 35 analysts polled by Thomson Reuters estimated a loss of $0.74 per share for the quarter. Analysts' estimates typically exclude special items. Revenues for the quarter were up 20 percent at $20.58 billion compared with $17 billion in the prior year. Forty analysts had a consensus revenue estimate of $20.84 billion for the quarter. Looking ahead to the fourth quarter, Amazon expects expects revenues of $27.3 billion to $30.3 billion. Analysts expect revenues of $30.89 billion. Copyright RTT News/dpa-AFX |