Amazon Projects Lower Q2 Profit Than Expected Due to Tariffs
Amazon first-quarter sales increased 9% to $155.7 billion, compared with the average estimate of $155.2 billion. Operating income was $18.4 billion. Analysts projected $17.5 billion. (Hollie Adams/Bloomberg News) Amazon.com Inc. gave a weaker-than-expected forecast for operating profit in the current quarter, pointing toward tariffs and trade policies that may cause consumers to pull back on ...more