Amazon sees heavy earnings hit from coronavirus pandemic

📆 01/05/2020 01:57:00
📰 The Straits Times

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SAN FRANCISCO (AFP) - Amazon said on Thursday (April 30) profits took a hit in the past quarter due to the global pandemic and that its earnings in the current period would be entirely wiped out by Covid-related expenses.. Read more at straitstimes.com.

SAN FRANCISCO - Amazon said on Thursday profits took a hit in the past quarter due to the global pandemic and that its earnings in the current period would be entirely wiped out by Covid-related expenses.

Shares in the Seattle-based company slipped some 4.2 per cent in after-hours trades that followed release of the earnings report. "Providing for customers and protecting employees as this crisis continues for more months is going to take skill, humility, invention and money." But the company has also faced protests from warehouse workers and others who claim Amazon has failed to do enough to keep them safe.

Write Comment

TOXIC company and business practices!

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:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VW says expects to be profitable in 2020 as first-quarter earnings dropVolkswagen on Wednesday said it expected to be profitable on a full-year basis even as the coronavirus pandemic caused first-quarter earnings to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »