Amazon's Focused on Profits in 2023. Here's What Investors Can Expect
Amazon (NASDAQ: AMZN) is looking to return to operating income growth in 2023 after its bottom line shrank by half last year.
Its retail business generated over $10 billion in operating losses last year as management worked to get costs under control. The impacts of those cost-cutting measures started to peek through in Amazon's early 2023 earnings results, but the company continues to look for ways to push profits higher.
Several recent moves show that Amazon is increasingly focused on profit growth, even more so than on growing its top line, which has historically been a major point of emphasis. Here's what investors should know.
Source Fool.com
