Amazon's Earnings Report Sparks Investor Interest.
TL;DR Summary
Amazon's $2.7 billion in impairment charges related to layoffs and store closures during the fourth quarter of 2022 could set the e-commerce giant up for big profits in 2023. Analysts expect Amazon to swing to a profit, with a projected $15 billion in net income for the year, after a $2.7 billion loss in 2022.
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