Yesterday evening, Amazon reported its earnings for the first quarter of 2020. The leading E-commerce platform beat expectations with a revenue of $75.5 billion, surpassing the $73.61 billion analysts had anticipated. In comparison with Amazon’s revenue for the same period last year, which was reported as $59.7 billion, this is an increase of 26.47%. The company’s US sales have also increased by 29% to $46.1 billion, and international sales have grown 18% to $19.1 billion.
J&P Comments
Despite the financial pressures of coronavirus and spending an estimated $4 billion in coronavirus-related costs, Amazon has performed successfully in its first quarter and has helped many who have been worst affected by the virus.
