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25.05.2020 AMAZON Daily Analysis

AMAZON was built for shelter-in-place. The company had to shift some of its supply chains to meet changing consumer demands, but it did that

Yazar: editor_1

Yayınlanma: 25 Mayıs 2020 17:12

Güncellenme: 24 Kasım 2024 06:50

25.05.2020 AMAZON Daily Analysis

AMAZON was built for shelter-in-place. The company had to shift some of its supply chains to meet changing consumer demands, but it did that relatively quickly -- and the online leader has been thriving. Stock in the retail giant has traded near its 52-week highs, despite prices taking a bit of a dip after it reported first-quarter earnings. That's not due to the company reporting bad news. Net sales rose by 26% to $75.5 billion, but net income dropped to $2.5 billion from $3.6 billion in the same quarter last year.
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