The eCommerce giant has released its third quarter figures.
(Photo: Reuters)
Seattle Delivery bottlenecks and a lack of workers hit the Amazon office. In the current fourth quarter, revenues between 130 and 140 billion dollars are expected, announced the world’s largest online retailer on Thursday after the US market closed. This left Amazon behind the expectations of analysts for the most important quarter for retailers because of Christmas and Thanksgiving. The Amazon share fell three percent after the trading session, especially since the US group also lagged slightly behind analyst forecasts for the third quarter.
From July to September, sales climbed 15 percent to just under $ 111 billion. Profits were cut in half to nearly $ 3.2 billion. The successor to company founder Jeff Bezos at the top of the group, Andy Jassy, justified the decline with high investments in logistics. In the fourth quarter there would be costs due to higher wages, delivery bottlenecks and higher delivery costs.