Jeff Bezos Elaine Low-Senior Coronavirus pandemic reports economy Jeff Bezos Elaine Low-Senior

Amazon Earnings Smash Forecasts in ‘Highly Unusual Quarter’ Amid Pandemic

Reading now: 410
variety.com

Elaine Low Senior TV WriterAmazon easily topped second-quarter earnings and revenue forecasts after the market close Thursday, with CEO Jeff Bezos calling it “another highly unusual quarter” amid the current coronavirus pandemic.“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,” said Bezos in a statement. “We’ve created over 175,000 new jobs since March.

Read more on variety.com
The website celebsbar.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