Amazon.com Inc. dumped a lot of bad news into its holiday-quarter results, and that could set the company up for big profits in 2023.
The e-commerce giant is coming off its worst annual loss on record, helped to that milestone by $2.7 billion in impairment charges related to things like layoffs and store closures. With those moves in the rearview mirror, Amazon AMZN is expected to turn things around in 2023, as analysts tracked by FactSet call for $15 billion in net income on the year, after a $2.7 billion loss in 2022.
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