[Published: Friday October 30 2020]
Amazon forecasts dip after posting 200% leap in profits
NEW YORK, 30 Oct. - (ANA) - The e-commerce giant Amazon has revealed a 200% leap in profits as sales climbed by 37% in the third quarter of the year to $96.1 billion (£74.3 billion).
Profits also rose, from $2.1 billion to $6.3 billion.
However, the company forecast a slowdown in growth in the next quarter, predicting that most of its profits over the Christmas period would be wiped out by $4 billion of warehouse safety costs related to Covid-19. - (ANA) -
AB/ANA/30 November 2020 - - -
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