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Amazon sees possible second-quarter loss, forecasts US$4 billion in COVID-19-related costs

By Jeffrey Dastin and Akanksha Rana

May 1 2020 12:50PM

First quarterly loss in five years.

Amazon sees possible second-quarter loss, forecasts US$4 billion in COVID-19-related costs

Amazon on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least US$4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19. Shares of Amazon, the world's largest online retailer, ...

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