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Amazon earnings preview: Wall Street expects lower profits as tech giant boosts spending

Photo by: GeekWire

Amazon profits have been increasing steadily over the past year, but that could change with the company’s third-quarter earnings report this week. Is the cost of hiring workers and bolstering its fulfillment network taking a toll on Amazon’s bottom line? Wall Street analysts are betting that the answer is yes. On average, they see the Seattle tech giant posting earnings of $8.92 per share, down...

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