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Eugene Kim, CNBC.com’s Posts
Amazon is expected to show more signs of growth when it reports its third-quarter earnings results on Thursday, after having spent over $800 million in speedier delivery for two straight quarters.
Amazon shoppers that get same-day delivery are likely to spend and shop more on the e-commerce site compared to non-same-day delivery users, according to a recent survey by investment firm RBC Capital.
Amazon’s revenue numbers will likely show the slowest growth in four years when the company reports first-quarter results after the bell on Thursday, but investors will see more profitability in exchange.
Amazon Go stores, which let customers buy items without waiting in checkout lines, will start accepting cash, amid intensifying criticism that the company is discriminating against the unbanked.
As Amazon enjoyed record profits and cash balances last year, it turned to one of the safest and lowest-risk investments: government debt.