Spiros Segalas Comments on Amazon

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Apr 30, 2020

Amazon (AMZN, Financial) continues to benefit from economies of scale and its platform-based business model. Through reinvestment in its business, it continues to strengthen its competitive edge. The AWS web services business is an additional driver of revenue and profit. Amazon’s fourth-quarter earnings, revenue, and operating income exceeded consensus forecasts. First-quarter guidance likewise surpassed expectations.

From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund first-quarter 2020 shareholder commentary.

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