Amazon Earnings: What to Watch on Thursday, July 30
Amazon.com (NASDAQ: AMZN) is slated to report its second-quarter 2020 results after the market close on Thursday, July 30.
We know the COVID-19 pandemic should have both a positive and a negative effect on the technology giant's results, we just don't know the magnitude of these effects.
On the positive side, the crisis should provide a tailwind to e-commerce sales. On the negative side, profits should be hurt by the company's need to increase spending to ramp up capacity in the e-commerce business and to keep its workplaces as safe as possible with respect to the novel coronavirus.
Source Fool.com
