As soon as I saw how much the stock dropped, I knew that the quarterly results would be more than disappointing. It’s a bit of a reverse sequence, isn’t it? Hmmmmm... More than disappointing results for the third quarter, I'm worried about Amazon's fourth-quarter guidance.
Amazon CEO Andy Jassy said the company expects to take on “several billion dollars” of extra costs in its consumer business in the fourth quarter as a result of labor shortages, higher employee costs, global supply chain constraints and increased freight and shipping costs. Amazon is navigating these challenges as it enters the peak holiday season, he said. - CNBC
It doesn't sound promising...