The Volatile Book World

Publishers Weekly reported today that Amazon posted a third quarter net loss of $274 million on a sales increase of 27%, to $13.8 billion. PW said, "The loss was higher than analysts had expected and was attributed to a host of investments, ranging from new Kindles to new warehouses. It expects fourth quarter sales to increase between 16% and 31% in the fourth quarter, although the company could still lose money in the quarter.