AMZN - Amazon's International Division Set To Achieve Profitability After Years of Losses: Report | Benzinga
Amazon.Com, Inc.’s (NASDAQ:AMZN) international division is reportedly poised to achieve an annual profit, benefiting from efforts to streamline the retailer’s logistics operations following years of losses.
According to analysts in a recent Refinitiv poll, Amazon’s international unit, which serves customers outside North America, is expected to achieve an operating profit of $1.6 billion this year, projected to increase to over $5 billion next year, reported Financial Times.
JPMorgan analysts are even more optimistic, forecasting $4.3 billion in profits for 2024.