Amazon Earnings Missed on Nearly Every Metric. The Stock Is Sliding.

 Amazon Earnings Missed on Nearly Every Metric. The Stock Is Sliding.

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Amazon shares are heading lower in late trading Thursday, after the e-commerce and cloud giant reported disappointing third-quarter financial results and a weaker-than-expected outlook for the fourth quarter. The company’s results were weighed down by a series of factors, including tough comparisons with the surge in online shopping during the pandemic, ongoing product shortages, higher wage costs, increased shipping expenses, and further investment in the company’s fulfillment operations.

For the third quarter, Amazon (ticker:…


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