operating profit News

Amazon Says It Will Risk Loss to Cover Jump in Pandemic Spending

Chief Executive Officer Jeff Bezos normally uses the company’s earnings report to extol the virtues of Alexa or the benefits of Prime. On Thursday, he told investors to hold on tight as his company navigates “the hardest time we’ve ever …

Allstate Profits Beats Estimates, Best Since 2012

Allstate Corp., the largest publicly traded U.S. auto and home insurer, gained the most since August 2012 after profit beat analysts’ estimates. Allstate advanced 5.7 percent to $52.36 at 4:02 p.m. in New York, the biggest jump in the 81-company …