The Covid-19 pandemic has upended our lives, forcing us to live digital lives rather than physical ones.
Unsurprisingly, perhaps, Amazon.com Inc. reported soaring quarterly sales because of a surge in online orders from homebound customers contending with the coronavirus pandemic—as reported by The Wall Street Journal and Passive Guy.
The tech giant said Thursday that revenue rose 26% from a year earlier to $75.5 billion in the three months through March—by far the highest on record for what is usually Amazon’s slowest period of the year.
The boom in sales came at a cost, though: profit fell 29% from a year earlier to $2.5 billion, well short of analysts’ average estimate of $3.26 billion. Operating profit for the quarter also missed the estimate Amazon gave in January.
The results, which follow relatively robust earnings reports by several other big tech companies in recent days, reflect the central role…
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