Amazon CFO Kinda, Sorta Defends The Company?s Disappearing Profits

What's going on with Amazon.com's profits? That's what a few of the analysts on today's earnings conference call seemed to be asking, albeit with some convoluted, finance-focused questions. The context is a disappointing third quarter earnings report. While sales continue to grow, profits have not been doing the same, with Amazon only bringing in $7 million of net income during Q2, and showing a $274 million loss in Q3. Investor Marc Andreessen has actually praised Amazon CEO Jeff Bezos for not focusing on profits, but analysts today asked for some sense that the investments are actually paying off.

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