Amazon.com Inc has warned that costs might eviscerate its profit for the current quarter, as early holiday marketing does little to boost sales growth while labour and delivery expenses continue to swell.Shares fell 19 percent in after-hours trade after the e-commerce giant’s bleak forecast on Thursday for the holiday quarter ending December. The last three months of the year include some of the biggest shopping events for sellers in the US including Halloween, Thanksgiving and Christmas.Amazon has sought higher revenue in all places. It raised fees for its fast-shipping club Prime up to an annual 43 percent in Europe this quarter. It imposed a fuel and inflation surcharge on some merchants and for the first time, it had not one but two cornerstone sales events in a year: Prime Day in July and the Prime Early Access Sale in October.
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