Amazon warns on profits as uncertainty over tariffs threaten ecommerce business
Amazon has warned it may fail to meet market expectations on its operating income, as concerns over how President Trump’s tariffs will affect its ecommerce business overshadowed strong sales.
The retail and tech giant beat Wall Street expectations in terms of sales, with revenues up 13.3% year on year to $167.7bn (£126.9bn). Amazon Web Services sales jumped 17.5% to $30.9bn (£23.4bn) year-on-year.
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