SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported third-quarter net income of $21.19 billion.
The Seattle-based company said it had net income of $1.95 per share.
The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.
The online retailer posted revenue of $180.17 billion in the period, also surpassing Street forecasts. Seventeen analysts surveyed by Zacks expected $177.88 billion.
For the current quarter ending in December, Amazon said it expects revenue in the range of $2.06 billion to $2.13 billion.
Amazon shares have climbed nearly 2% since the beginning of the year, while the S&P’s 500 index has risen 16%. In the final minutes of trading on Thursday, shares hit $223, a rise of 16% in the last 12 months.
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