Amazon.com Inc. is expected to reveal this week its first unprofitable year since 2014 and the worst year for its bottom line since 2000 — and expectations for this year aren’t headed in a positive direction.
Amazon AMZN reported roughly $3 billion in total losses through the first nine months of the year, and Wall Street analysts on average are projecting about $2 billion in net income in the holiday season, according to FactSet. Beyond being its first annual loss since 2014, a loss of $1 billion or more would challenge for…
Source: finance.yahoo.com
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