A familiar pattern – Amazon invests for long-term success, and short-term-focused investors get nervous. In the bigger picture, AMZN hit an all-time high recently, and Amazon is preparing for a record-setting holiday commerce season.
The online retailer said consumer appetite for books and electronics remained strong. The results highlight Amazon’s dominance in online retailing, especially ahead of the holiday shopping season.
Iinvestors were disappointed, however, with the company’s higher spending on new distribution centers. Analysts said they were concerned about the cost of the 10 giant warehouses that opened in the third quarter, which ended Sept. 30, and a handful more that are to open before the end of the year.