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 ]
100s Amazon Bestsellers - AmerExperience.com Selection Travel Golf Business Fashion Health
100 BESTSELLERS -🇺🇸 USA Business Products on Amazon
What do you get? - The best products from the international online market. Picks from millions of items that fit our customer's desires and needs. You get ready Ideas, You Save Time and Money.
This website contains links and affiliate links to other websites (as an affiliate partner we get commissions paid for the sales made by these websites). Some of those websites may be operated by third parties. As Amazon Associate, we earn from qualifying purchases.