In its recent quarter, Amazon (NASDAQ: AMZN) missed on both top and bottom lines and provided fourth-quarter guidance that was below consensus estimates. Amazon's CEO, Andy Jassy, discussed on the recent earnings call that he expects "several billion dollars" of additional costs for the fourth quarter related to higher employee costs, supply chain contrasts, labor shortages, and overall increased cost of goods sold. Read More...
In its recent quarter, Amazon (NASDAQ: AMZN) missed on both top and bottom lines and provided fourth-quarter guidance that was below consensus estimates. Amazon’s CEO, Andy Jassy, discussed on the recent earnings call that he expects “several billion dollars” of additional costs for the fourth quarter related to higher employee costs, supply chain contrasts, labor shortages, and overall increased cost of goods sold.
