Amazon Q3 earnings suffer as growth slows, costs rise

Supply chain woes are also costing Apple Inc - $6 billion in sales during the company's fiscal fourth quarter

Amazon.com warned Wall Street that it will have to spend billions of dollars hiring workers, paying them more and even speeding partly empty trucks to their destinations to ensure that supply-chain snarls don’t derail the holiday shopping season. 

The massive outlays could wipe out Amazon’s profit during the last three months of the year, executives said. The company also reported third-quarter revenue and earnings that fell short of projections. 

Revenue will be $130 billion to $140 billion in the period ending in December, the Seattle company said Thursday in a statement. Analysts, on average, estimated $141.6 billion, according to data compiled by