Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Amazon Earnings Disappoint, and One-Day Shipping is to Blame

Amazon’s one-day Prime shipping is eating into profits, but the company plans to stay the course as it continues to wage war against competitors. In an earnings call Thursday, Brian Olsavsky, the company’s CFO, revealed that Amazon’s second quarter profits rose 3.6 percent to $2.6 billion, from the same period a year ago. That brings cost per…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!