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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 on May 1, 2020 12:50PM

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, ...

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