Lates News

Amazon's lower-than-expected operating profit for the current quarter suggests that tariffs and trade policies may be causing consumers to reduce spending. The world's largest online retailer expects operating profit for the quarter to be between $13 billion and $17.5 billion, while analysts' average estimate is $17.8 billion. The company said on Thursday that sales for the quarter ending in June are expected to be between $159 billion and $164 billion; analysts' average estimate is $161.4 billion. Amazon's stock has fallen by about 13% this year due to investor concerns about the impact of Trump's tariff policies on the retail business. Investors are generally optimistic about the company's expansion efforts in artificial intelligence, but they are also concerned that its significant spending on data centers may not significant sales growth in the short term.