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Amazon beats estimates; SEC opens inquiry

The e-tailer reports a third-quarter loss that beats analysts' estimates and announces that the Securities and Exchange Commission is launching an informal inquiry into part of Amazon's accounting practices.

CNET News staff
CNET News staff
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The leading e-tailer reports a third-quarter loss that beats analysts' estimates and sends shares higher in after-hours trading and announces that the Securities and Exchange Commission is launching an informal inquiry into Amazon's accounting practices related to its commerce network.

 
Amazon earnings better than expected
update The leading e-tailer reports a third-quarter loss that beats analysts' estimates and sends shares higher in after-hours trading.

SEC opens inquiry into Amazon?s accounting
update The Securities and Exchange Commission launches an informal inquiry into Amazon's accounting practices related to the e-tailer's commerce network, the company reports.

previous coverage
Amazon shares start the week on a sour note
The e-tailer's shares fall 23 percent as Internet stocks slump and analysts say investors remain skeptical about the diversification effort of the money-losing Web merchant.