Amazon (AMZN) missed earnings estimates in the third quarter and is expecting more pain in the near term, which one analyst says are a sign that the company is spending now to set itself up for more upside later on.
“The most important investment that they’re making is in wages,” Anthony Chukumba, an analyst at Loop Capital, told Yahoo Finance Live (video above). Even after increasing workers’ starting compensation from $15 an hour to over $18 an hour, adding benefits, and creating $3,000…
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