Tech

Amazon Earnings Expected to Suffer as Growth Slows, Labor Costs Rise

Amazon . com Inc. is expected to post strong third-quarter sales, though a tight labor market that is driving up employee costs is expected to weigh on its bottom line.

The Seattle-based tech company has been navigating substantial shifts in the economy in recent months. Online sales have surged since the start of the Covid-19 pandemic, boosting Amazon’s profit, but sales growth is expected to slow in the most recent quarter, as labor and supply-chain shortages make it harder to meet demand.

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