Thursday, January 30, 2020

Amazon’s spending on one-day delivery is likely to weigh on fourth-quarter profit

CNBC
Amazon’s relentless effort to get orders to your doorstep more quickly is likely to drag down profit numbers when the company reports fourth-quarter results on Thursday afternoon. But revenue growth keeps chugging along.

In its last earnings report in October, Amazon said it would spend $1.5 billion over the holiday period to expand its one-day delivery program and make it the standard for Prime subscribers, on top of the $800 million it invested in each of the prior two quarters.. . . more