Jeff Bezos tells shareholders to 'take a seat' as company manages Covid-19 [CNNMoney.com]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: CNNMoney.com
Jeff Bezos tells shareholders to 'take a seat' as company manages Covid-19 New York (CNN Business) Amazon sales jumped 26% in the first three months of 2020, but the company's profits took a hit as it scrambled to manage the coronavirus pandemic. Net income for the quarter fell nearly 31% to $2.5 billion, or $5.01 per share, compared to the $3.15 billion in income Wall Street analysts had projected. Amazon ( AMZN ) shares dipped around 4% in after hours trading Thursday following the company's earnings report . CEO Jeff Bezos warned shareholders that the June quarter could also be a challenging one for the online retail giant's finances. "If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small," Bezos said in a release. "Under normal circumstances, in this coming Q2, we'd expect to make some $4 billion or more in operating profit. But these aren't normal circumstances. Instead, we expect to spend the entirety of that $4
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AMZN
Earnings
- 10/30/25 - Beat
AMZN
Sec Filings
- 12/3/25 - Form 4
- 11/25/25 - Form 4
- 11/25/25 - Form 4
- AMZN's page on the SEC website