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Amazon results and outlook fall short as costs soar

By Jeffrey Dastin and Tiyashi Datta

Apr 29 2022 11:59AM

AWS upbeat but rising costs squeeze consumer business.

Amazon results and outlook fall short as costs soar

Amazon delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. After a long-running surge in sales during the Covid-19 pandemic, Amazon is facing a litany of challenges. The company'...

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