Amazon shares fell 6 per cent in after-hours trading in New York on Thursday when the online retailer significantly missed earnings expectations in the third quarter, and forecast operating income of as little as zero next quarter.
Investment in distribution warehouses, video content from top tier directors and actors and the engineering teams behind virtual assistant Alexa helped push operating costs up 29 per cent — and look set to continue into the holiday shopping season.
Brian Olsavsky, chief financial officer, said it had opened 18 fulfilment centres during the quarter, the biggest growth in the delivery network since 2012.
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