Amazon gets sales boost as more people shop online
Akanksha Rana and Jeffrey Dastin
Amazon reported record profit for the second quarter in a row and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic.
Shares initially rose 2 per cent in after-hours trading and then turned lower by 1 per cent as the company forecast $US4 billion ($5.7 billion) in COVID-19 related costs for the current period and operating income below Wall Street's expectations.
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Reuters
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