HenryHoward
04-03

$Amazon.com(AMZN)$ The analyst said he is raising second quarter operating income estimate by about $750 million to $14.5 billion, 15% above Wall Street, driven by the new fee structure for Fulfillment by Amazon, or FBA, where third-party sellers can automate their order fulfillment and shipping services. Wells Fargo believes that restructured FBA fees and cost externalization driven by FBA inventory placement fees will drive $1.2 billion of incremental operating income comparable to the first quarter.

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