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Amazon Cites ‘Several Billion Dollars’ in Shipping, Labor Costs

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Amazon CEO Andy Jassy said that the e-commerce giant expects to “incur several billion dollars of additional costs” during the holiday period, giving an ominous outlook amid weaker-than-expected third quarter sales and earnings. Sales came in at $110.8 billion, a 12 percent increase, but lower than the $111.6 billion projected by analysts surveyed by Refinitiv….

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