Wall Street expects Amazon to report a profitable quarter, even though the company warned it would spend all of the $4 billion in expected operating profit in COVID-19-related initiatives.
Despite all that spending, which included a pay raise for warehouse workers and investments in a new testing lab, Wall Street still expects Amazon to report a profitable quarter — $1.2 billion in operating profits — backed by strong lockdown-driven sales and accelerating growth in high-margin businesses.
"Simply put, COVID-19, in our view, has injected Amazon with a growth hormone, in ways that rolling out one-day Prime shipping was not able to," D.A. Davidson's Tom Forte wrote in a note last week. On top of that, investors believe Amazon's higher margin businesses, like advertising, saw continued growth during the quarter, helping expand its profitability and balance the $4 billion in planned COVID-19 related expenses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Should not forget to pay me. Not his IP, then pay.
Greeeeeeed and then suddenly do something good , in order not to look greedy🤣
80,500,000,000,000,00$ on debt.. paid or government will take part of your business...
Bezos grew a conscience, or just needs to offset some profits for tax purposes... he's still make $13B a day, so who cares
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Q3 2020 earnings preview: Analysts look to iPhone 12 launch - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🍎 wins... Wait what? fyi eacarer
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jeff Bezos will testify about how Amazon is the quintessential American companyThe Amazon CEO will tell lawmakers Amazon is great for small businesses, customers and its investors. How makes all the money and doesn’t give a shit about his workers? No, It's a monopoly and needs to be broken up. Oh really, made in China Besos...
Source: CNBC - 🏆 12. / 72 Read more »
YouTube creators explain exact monthly incomes, platform earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon is launching car and bike insurance in India - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon releases CEO Jeff Bezos' remarks ahead of antitrust hearing - Business InsiderJeff Bezos will tell Congress that Amazon's size is a good thing, and that it faces plenty of competition from rivals like Walmart: 'Just like the world needs small companies, it also needs large ones' Bezos is right, but the issue is how to protect/encourage and make competitive small businesses in order to compete with those two behemoths? he has too much power Break them up, next the banks 🏦
Source: BusinessInsider - 🏆 729. / 51 Read more »