Amazon Has Weak Sales Guidance but Strong Holiday Numbers
Amazon revealed that its holiday results topped Wall Street’s expectations, but it also warned that it may not meet expectations in the first quarter. Officials also warned investors that the company would be spending more this year, particularly on fulfillment centers and data centers and increasing the employee base.
“I would expect those investment to increase relative to 2018,” said Brian Olsavsky, Amazon’s chief financial officer, on a conference call with investors.
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