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UncategorizedAmazon Earnings Suffer as Growth Slows, Costs Rise

Amazon Earnings Suffer as Growth Slows, Costs Rise

Amazon.com Inc. posted lower-than-expected third-quarter sales and signaled that a tight labor market and supply-chain disruptions would weigh on earnings.

The Seattle-based tech company has been navigating substantial shifts in the economy in recent months. Online sales have surged since the start of the Covid-19 pandemic, boosting Amazon’s profit, but sales growth has slowed while labor and supply-chain shortages make it harder to meet demand. The company says it has spent heavily to build out its fulfillment network.

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