Amazon reports second quarter earnings after the bell - Business Insider

The report should give ainto how exactly the COVID-19 pandemic boosted Amazon's top-line, as the company saw increased demand during the three months ended in June. Investors are also hoping to get more details on Amazon's COVID-related spending, which the company previously said would top $4 billion for the quarter. $1.48, according to consensus estimates compiled by FactSet, vs. $5.22 last year $81.4 billion, according to consensus estimates compiled by FactSet, vs. $63.

Amazon is widely seen as one of the biggest beneficiaries of COVID-19. Stay-at-home orders and store closures across the country have prompted more people to shop online. Amazon Web Services, the retailer's cloud business, also likely saw a boost due to the increased use of apps by people working from home.

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. The report follows CEO Jeff Bezos's first-ever Congressional hearing appearance on Wednesday. Analysts could ask the company's leadership about the antitrust scrutiny and how it could potentially affect Amazon's business going forward.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our

i hopw they have enough money

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.

NYSE-owner ICE reports higher second-quarter earningsIntercontinental Exchange Inc , owner of the New York Stock Exchange, on Thursday reported a rise in second-quarter profits, helped by a jump in equities and options volumes as volatility remained high due to the coronavirus pandemic. 'When I was a Christian ... a Muslim surprised me with his words' : : Yusuf Estes 🖥
Source: Reuters - 🏆 2. / 97 Read more »

Stocks Open Slightly Higher Ahead Of Federal Reserve DecisionStocks opened slightly higher today ahead of the Federal Reserve's decision by skleb1234 skleb1234 The Trillions of new money have nothing to do with anything though. Never discuss it Forbes. Just keep propagating horseshit.
Source: Forbes - 🏆 394. / 53 Read more »

Amazon q2 earnings preview - 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. Bezos grew a conscience, or just needs to offset some profits for tax purposes... he's still make $13B a day, so who cares 80,500,000,000,000,00$ on debt.. paid or government will take part of your business... Greeeeeeed and then suddenly do something good , in order not to look greedy🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »

Comcast is set to report earnings before the bell — here's what Wall Street expectsThis is the first earnings report since Comcast's NBCUniversal has launched its new ad-supported streaming service, Peacock. Commiecast It's been doing the to and fro until last few months. Nice! Also nice is the squawk sandwich today: a little of Andrew, a little of Becky, mucho of Wilfred umm
Source: CNBC - 🏆 12. / 72 Read more »