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https://www.cnbc.com/2020/07/30/amazon-amzn-earnings-q2-2020.html?__source=twitter%7Cmain

Amazon to report earnings after market close

2020-07-30 00:00:00, Annie Palmer, CNBC

Content Categorization
/Business & Industrial
/News/Business News/Company News

Word Count:
396

Words/Sentence:
22

Reading Time:
3.96 min

Reading Quality:
Advanced

Readability:
16th or higher

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Amazon CEO Jeff BezosAlex Wong | Getty ImagesAmazon will report its fiscal second-quarter earnings after market close on Thursday.

In its first-quarter earnings report, Amazon said it would spend its entire estimated $4 billion profit between April and June on employee safety measures and improvements to its delivery processes.

Here are Wall Street's expectations for Amazon: Earnings: $1.46 per share expected, according to analysts surveyed by RefinitivRevenue: $81.56 billion expected, according to analysts surveyed by RefinitivThe company's earnings will be impacted significantly by its coronavirus-related investments.

The company hasn't set a new date, but notices sent to third-party sellers indicate it could be held the week of Oct. 5.Thursday's earnings report will mark the first time Amazon has reported second-quarter results without mentioning sales from Prime Day.

Some of the investments include procuring personal protective equipment, "less efficient process paths" that allow for social distancing, higher wages for hourly workers and developing Covid-19 testing capabilities.

Keywords
business news, Breaking News: Earnings, Amazon.com Inc, Earnings, Internet, Breaking News: Technology, Technology

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