Amazon.com forecast second-quarter revenue largely above Wall Street estimates on Thursday, in a reassuring sign that the worldâs biggest e-commerce company would navigate tariff-related uncertainty on its retail business.
The company expects net sales between $159.0 billion and $164.0 billion for the current quarter, compared with analystsâ average estimate of $160.91 billion, according to data compiled by LSEG.
By Deborah Sophia; Edited by Sriraj Kalluvila
Learn more:
Saks Launches Amazon Storefront
Saks Fifth Avenue will sell high-end products from Balmain and Dolce & Gabbana on the e-commerce site, which has been an investor in Saks Global since December.