Amazon's International Division Set To Achieve Profitability After Years of Losses: Report
Portfolio Pulse from Nabaparna Bhattacharya
Amazon's international division is set to achieve profitability after years of losses, with analysts projecting significant operating profits for 2023 and 2024. The turnaround is attributed to improved logistics and cost-effective operations in key markets like Germany and the U.K.
July 02, 2024 | 4:30 pm
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Amazon's international division is expected to achieve an annual profit, with analysts projecting $1.6 billion in operating profit for 2023 and up to $5 billion for 2024. This marks a significant turnaround from a $2.7 billion operating loss last year.
The news of Amazon's international division achieving profitability after years of losses is a positive development. Analysts' projections of significant operating profits for 2023 and 2024 indicate strong future performance, likely boosting investor confidence and positively impacting the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100