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

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

Amazon.com Inc. topped $75 billion in sales in the first quarter as COVID-19 swept across the globe, 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.

Sandra
Sandra
Top in Business
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