But the embattled economy is likely to hit sales, he said.

Amazon is the latest in a parade of Silicon Valley giants to report weakness.

Shares of Amazon sank in early trading Friday, recently down 10% at $99.61.

Amazon is trying to do both, and it isn’t working yet, she said.

In 2021, Prime Day took place in June.

The company is weathering lower spending by shoppers at a time when its logistics operations have become more costly.