(Pocket-lint) - 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.

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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.

Writing by Elyse Betters.