Amazon is poised to report both soaring expenses and blockbuster earnings on Thursday, making clear the initial costs of its breakneck expansion to meet the heavy demands of the coronavirus crisis. “It’s a tale of two cities,” said Brent Thill, an analyst at Jefferies. Wall Street analysts overwhelmingly rate Amazon a strong buy due to its status as a lifeline to the stuck-at-home public and a backbone for businesses moving their operations on to the cloud. Read More...
Amazon is poised to report both soaring expenses and blockbuster earnings on Thursday, making clear the initial costs of its breakneck expansion to meet the heavy demands of the coronavirus crisis. “It’s a tale of two cities,” said Brent Thill, an analyst at Jefferies. Wall Street analysts overwhelmingly rate Amazon a strong buy due to its status as a lifeline to the stuck-at-home public and a backbone for businesses moving their operations on to the cloud.
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