Jeff Bezos tells shareholders to 'take a seat' as Amazon 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% from the same period in the prior year to $2.5 billion, or $5.01 per share. Wall Street analysts had projected quarterly income of $3.15 billion. 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 challenging for the online retail giant's finances, as the company plans to reinvest billions of dollars into managing coronavirus. "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 o
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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