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After massive layoffs, Amazon posted $3.2 billion in revenue

Finance

2 May 2023, 13:20

Amazon starts the year with confident steps and bright colors. The global e-commerce giant reported a first-quarter profit of $3.2 billion, up from a $3.8 billion loss in the previous quarter and well ahead of analysts' estimates.

The company's revenue increased by 9% in the first quarter compared to the previous year. Amazon expects second-quarter net sales to grow 5-10% year-over-year, or $127-133 billion.

 

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