Amazon Beats 4Q Profit Forecasts

Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter earnings of $749 million.

The Seattle-based company said it had net income of $1.54 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The online retailer posted revenue of $43.74 billion in the period, missing Street forecasts. Eleven analysts surveyed by Zacks expected $44.87 billion.

For the current quarter ending in April, Amazon said it expects revenue in the range of $33.25 billion to $33.75 billion. Analysts surveyed by Zacks had expected revenue of $35.83 billion.

Amazon shares have risen 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 2 percent. In the final minutes of trading on Thursday, shares hit $839.33, a climb of 52 percent in the last 12 months.

——



Add Comment

all comments

  Other news

more
Tour of Britain race in Mansfield where cyclists banned

Tour of Britain race in Mansfield where cyclists banned..

20-Aug, 11:10

A council has been accused of double standards for allowing a stage of a...

World Toe Wrestling champion wins again

World Toe Wrestling champion wins again..

20-Aug, 06:51

New toe wrestling champions have been crowned this weekend after the...

Kate Beckinsale’s lookalike daughter Lily is all grown up in new bikini photo

Kate Beckinsale’s lookalike daughter Lily is all grown up in new bikini photo..

20-Aug, 12:10

by Sophie Hamilton Kate Beckinsale’s daughter Lily has got fans on...

Oxford University employee charged with Chicago murder

Oxford University employee charged with Chicago murder..

19-Aug, 22:03

An Oxford University employee has been charged with murdering a...

New 'American Horror Story' season to take on the 2016 election

New 'American Horror Story' season to take on the 2016 election..

16-Feb, 15:44

"American Horror Story" is taking on a new challenge: politics. On...

El Salvador's first cardinal surprised by selection

El Salvador's first cardinal surprised by selection..

22-May, 18:08

Monsignor Gregorio Rosa Chavez, an auxiliary bishop who works as a parish...

JK Rowling reveals she wrote a secret fairy tale

JK Rowling reveals she wrote a secret fairy tale..

10-Jul, 11:36

J.K. Rowling has revealed yet another bombshell: The best-selling young...

Cool facts about 7 Earth-size planets circling single star

Cool facts about 7 Earth-size planets circling single star..

22-Feb, 17:52

Talk about an Earth-shattering discovery. Scientists have spotted seven...