Amazon.com Inc. (AMZN: Quote) reported fourth quarter net income of $0.21 per share after the bell Tuesday, down from $0.38 per share last year. The consensus estimate was for EPS of $0.29. Net sales increased 22% to $21.27 billion, from $17.43 billion a year ago. The consensus estimate was for revenues of $22.26 billion.
First quarter net sales are expected to be between $15.0 billion and $16.6 billion. The consensus estimate is for revenues of $16.86 billion.
Amazon.com has gapped open sharply higher Wednesday and is now up 18.95 at $279.30. The stock is approaching the highs of the year, around $285.00 per share.
Click here to receive FREE breaking news email alerts for Amazon.com Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News