Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

4 years ago
Anonymous $9CO2RSACsf

https://www.reuters.com/article/us-amazon-com-results/amazon-sees-4-billion-in-covid-19-related-costs-may-not-make-second-quarter-profit-idUSKBN22C3O6

Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.

Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Apr 30, 2020, 9:33pm UTC
https://www.reuters.com/article/us-amazon-com-results/amazon-sees-4-billion-in-covid-19-related-costs-may-not-make-second-quarter-profit-idUSKBN22C3O6 >Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.