Amazon.com Inc. is expected to report record sales in the critical fourth quarter even as profits are set to fall because of rising costs from a labor crunch and the ripple effects of accelerating inflation.
The tech company fared better than many companies during the Covid-19 pandemic, recording record earnings as consumers embraced and accelerated a shift to online shopping. But lately that tremendous growth has slowed, and Amazon has been hit by global supply-chain disruptions and labor challenges.
