SA: Amazon -4% as Covid-19 costs cut in

© Dimarik16

SEEKING ALPHA reports:

Amazon (NASDAQ:AMZN) is cooling off just a bit after running to a new high today. The e-commerce giant’s estimate of ~$4.0B of COVID-19 costs in Q2 appears to be drawing notice.

Total revenue in North America in Q1 was $46.1B vs. $44.3B consensus, while international revenue was $19.1B vs. $19.1B. AWS revenue came in at $10.2B vs. $10.3B consensus.

Operating income of was reported at $3.99B (-9% Y/Y) vs. the company’s guidance range of $3.0B to $4.2B and $4.07B ...