Amazon to invest all $4B in Q2 profit on coronavirus expenses

Amazon’s hotly anticipated earnings report on Thursday turned out to be a dud as the e-commerce juggernaut said it expects to spend $4 billion on coronavirus-related expenses this quarter.

In its first earnings report since the coronavirus crisis hit, Amazon said first quarter revenues soared 26 percent to $75.5 billion as COVID-19 quarantines have sent demand for its shipping services soaring.

But net income of $2.5 billion, or $5.01 per share, fell 30 percent over the year ago quarter amid costs. The company also said it expects to spend virtually all of next-quarter’s operating profit on its frontline workers amid criticisms that its fallen short in protecting them from COVID-19.
— Read on nypost.com/2020/04/30/amazon-says-it-will-invest-all-4b-in-q2-profit-on-coronavirus-expenses/

❗️I recommend you to read this article ☝🏻


Products


International Business Consultant

Amer Experience – Eco Lassi Pensikkala operates as an international business development professional and buying agent for the companies in Ecuador, Peru, Colombia, North America and North Europe

Read more here


You want to get better results with your advertisement, blog post and news in social media marketing? You need the right tools 🛠 to organize your work effectively and schedule your postings. The timing is one important point what matters. 

Read more here


Are you seeking for the best affiliate platforms? Take charge of your sales efforts by joining our industry-leading Affiliate Marketing Network.

Read more here


Discover more smart articles here


We inform you about Health | Fashion | Travel | Golf | International Business

Kind regards

Eco. Lassi Pensikkala

Founder of Amer Experience

Studied Economy, Psychology and Sociology at the University of Hamburg Germany. I speak English, Spanish, German, Swedish and Finnish

AmerExperience.com | Created at The Pacific Coast of Americas

[ Microblogs – Short but powerful ]

AmerExperience.com