Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

April 30, 2020 admin Business News Comments Off on Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.

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Source:: Reuters – Business News