'Late Last Year, Amazon Projected Its Healthcare Businesses To Lose More Than $1B For 2024 - Business Insider Citing Internal Document
Portfolio Pulse from Benzinga Newsdesk
Amazon projected its healthcare businesses to lose more than $1 billion in 2024, according to an internal document. The company is focusing on cost-cutting measures to achieve profitability in this segment.
July 30, 2024 | 4:22 pm
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Amazon's healthcare businesses are expected to incur a loss exceeding $1 billion in 2024. The company is taking steps to cut costs and aim for profitability in this segment.
The projected loss of over $1 billion in Amazon's healthcare businesses is a significant financial concern. The company's focus on cost-cutting measures indicates an attempt to mitigate these losses, but the immediate impact on the stock price is likely negative due to the substantial projected loss.
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