Amazon sees possible second-quarter loss, forecasts US$4 billion in COVID-19-related costs – Finance- Tempemail – Blog – Emails

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, fell 5 percent in after-hours trade. Jeff […]