Here's What to Look for When Amazon Reports Earnings Thursday
Amazon (NASDAQ: AMZN) is experiencing significant disruptions as a result of the COVID-19 pandemic. While it appeared as though the outbreak was subsiding, recent surges in states such as Florida, Texas, and California are putting that into doubt.
What's more, the $600-per-week increase in unemployment benefits expires at the end of July, potentially leaving the 25 million Americans who rely on the payments on a fiscal cliff. The resulting decrease in disposable income may reduce spending on Amazon. The increasing level of uncertainty will make Thursday's earnings release an especially interesting one.
Amazon is expecting a surge in revenue when it reports Thursday. Image source: Getty Images.
Source Fool.com
