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

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

First quarterly loss in five years.

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, ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
amazon coronavirus covid19 finance

Most Read Articles

Aussie Broadband signs 2300 users to cheaper gigabit NBN plans

Aussie Broadband signs 2300 users to cheaper gigabit NBN plans
NBN Co limits gigabit services to just 7 percent of HFC footprint

NBN Co limits gigabit services to just 7 percent of HFC footprint
CBA uncovers abusive messages in digital transaction descriptions

CBA uncovers abusive messages in digital transaction descriptions
NAB tells staff to up their digital and data game

NAB tells staff to up their digital and data game
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV
Modernise IT by Reducing Your Reliance on AD
Modernise IT by Reducing Your Reliance on AD
The Maturity of Zero Trust in Australia and New Zealand
The Maturity of Zero Trust in Australia and New Zealand

Events

Log In

Username / Email:
Password:
  |  Forgot your password?