Amazon CFO cites inflation, energy costs for dip in stock price
Amazon CFO cites inflation, energy costs for dip in stock price
(NewsNation) — While the holiday season has not officially begun, the world’s largest online retailer believes sales will be anything but merry, as Amazon is predicting a less-than-stellar shopping season.
While data shows strong consumer spending, ebbing wage growth and third-quarter aggregate earnings estimates raised, Amazon saw a 6.8% drop in its shares.
Amazon’s Chief Financial Officer Brian…
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