Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter. (AMZN)

Amazon said it would spend all $4 billion of its Q2 profits on COVID-19 responses. Wall Street still expects a profitable quarter. (AMZN)

Business Insider

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· Amazon reports its second-quarter earnings on Thursday.
· Wall Street expects Amazon to report a profitable quarter, even though the company warned it would spend all of the $4 billion in expected operating profit in COVID-19-related initiatives.
· The bullish forecast is backed by strong sales growth and the continued...

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