Amazon has reported third-quarter earnings, and it's clear the company hasn't been doing well.

The company posted a net loss of $437 million, or 95 cents a share, and revenue of $20.58 billion, meaning it just barely missed expectations of $20.84 billion in revenue. But to put things into perspective, Amazon posted a net loss of $41 million during the same period last year.

Amazon also expects the ballooning losses to continue into the fourth quarter - a critical holiday sales period for the company - to $570 million. Part of the reason is likely due to a lack of hardware sales as well as pricey acquisitions and investments.

The company's Fire Phone was considered a flop by most at launch, for instance, and it spent $1 billion on acquiring Twitch. Amazon also invested $2 billion in the Indian ecommerce market, though it secured a $2 billion credit line with Bank of America last month in order to continue investments.

Despite the array of bad news, Amazon did have an increase in revenue. Free cash flow also tripled from the year-ago quarter to $1.08 billion. Still, in after hours trading, Amazon's stock fell 11 per cent to to $278.88, after closing at $315.64 earlier in the day.

Although Amazon doesn't typically reveal sales figures for hardware devices, you can tune into the company's conference call at 2 PM PST to hear more about its dismal quarter that ended on 30 September. - PAY MONTHLY PHONES The Samsung Galaxy S10+ is now available on EE who have been awarded the UK’s best network for the fifth year running. RootMetrics tested the four UK networks and EE was faster and more reliable than all of them, with better data performance. Their network has come a long way since they launched in 2012. Back then they had 11 UK cities covered by 4G. Today they cover most of the UK’s land mass, thanks to 19,000 state-of-the-art 4G sites. They’ve got faster, too – from 50Mbps to a maximum speed of 400Mbps. And they’re soon to experience even greater possibilities with the launch of 5G.

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