TheQuickFlashJul 29, 2020

Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter. (AMZN)
https://www.businessinsider.com/amazon-q2-earnings-preview-profit-covid-aws-advertising-2020-7

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Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter.

Wall Street expects Amazon to report a profitable quarter, backed by strong COVID-driven sales and faster growth in high-margin businesses.