tech giant Amazon estimated operating profits during the last three months of this year, as It will be between 1 billion and 4.5 billion dollars.
According to the company's earnings report released last weekend, and during the same period, Amazon predicted $ 4 billion in costs associated with the Coronavirus such as tests, cleaning, extended employee breaks, and social distancing measures.
and citing Al Arabiya, it raises the broad range of $ 3.5 billion, among the fewest. Expecting and the highest expectation of operating profits during the fourth quarter, many questions raised by investors, especially since this gap was $ 1.7 billion last year and $ 1.5 billion in 2018.
The same report reported net sales of $ 96.1 billion as the boom in Online shopping linked to the pandemic boosts the company's business.
It is worth noting that Amazon sales for the third quarter of 2020 jumped 37% , Compared to the same period in 2019, and the company made a record profit of $ 6.3 billion for the quarter, which is nearly three times that of Amazon in the same quarter of last year.
