amazon earnings: Amazon posts record profits amid pandemic boom
We'll soon meet in your inbox. Please wait... While brick-and-mortar stores closed, Amazon has now posted four consecutive record quarterly profits, attracted more than 200 million Prime loyalty subscribers, and recruited over 500,000 employees to keep up with surging demand. Amazon said it expects operating income for the current quarter to be between $4.5 billion and $8 billion, which includes about $1.5 billion in costs related to Covid-19. Shares rose 4% in after-hours trade. Throughout the pandemic, the world's largest online retailer has been at the center of workplace tumult, with a...