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

By

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, ...

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:

Most Read Articles

ANZ's technology division to be impacted by planned cuts

ANZ's technology division to be impacted by planned cuts

ING Bank Australia cuts days off rate renegotiation, loan top-ups

ING Bank Australia cuts days off rate renegotiation, loan top-ups

NAB makes cuts to technology and enterprise operations division

NAB makes cuts to technology and enterprise operations division

Bendigo Bank set to axe 145 "jobs" in technology division

Bendigo Bank set to axe 145 "jobs" in technology division

Log In

  |  Forgot your password?