Amazon forecasts second-quarter operating income below estimates [Reuters]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Reuters
Amazon forecasts second-quarter operating income below estimates (Reuters) - Amazon.com Inc ( AMZN.O ) on Thursday forecast second-quarter profit below estimates, as the e-commerce company spent more on hiring workers and their pay due to a surge in online shopping during the COVID-19 pandemic. The company forecast operating income in the range of a loss of $1.5 billion and profit of $1.5 billion for the second quarter. Analysts were expecting operating income of $3.80 billion, according to research firm FactSet. Amazon’s forecast assumes about $4 billion in costs related to COVID-19, the company said.
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AMZN
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- AMZN's page on the SEC website