Jeff Bezos economy One Day Jeff Bezos

Amazon Earnings Smash Wall Street Expectations One Day After CEO’s DC Testimony

Reading now: 153
thewrap.com

analyst projections of $81.5 billion. Its earnings per share of $10.30 was nearly $9 higher than analysts’ expectations of $1.46 EPS.“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Jeff Bezos, Amazon founder and CEO. “As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver products to customers in this time of high demand–purchasing personal protective equipment, increasing cleaning of our facilities, following new safety process paths, adding new backup family care benefits, and paying a special thank you bonus of over $500 million to front-line employees and delivery partners.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA