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Amazon Q3 Results Miss Wall Street Forecasts; CEO Andy Jassy Warns Of Sizable Holiday Hit Due To Supply Chain Issues, Labor Shortages

Amazon Q3 Results Miss Wall Street Forecasts; CEO Andy Jassy Warns Of Sizable Holiday Hit Due To Supply Chain Issues, Labor Shortages

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Amazon fell short of Wall Street analysts’ estimates in the third quarter — the first with CEO Andy Jassy at the helm — amid a slowdown relative to the pandemic boom of 2020. Net income fell nearly in half compared with the year-earlier period, hitting $3.2 billion, or $6.12 per diluted share. Analysts had expected…

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