SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter earnings of $21.19 billion.
The Seattle-based company said it had profit of $1.95 per share.
The results fell short of Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.98 per share.
The online retailer posted revenue of $213.39 billion in the period, which topped Street forecasts. Sixteen analysts surveyed by Zacks expected $211.46 billion.
For the current quarter ending in March, Amazon said it expects revenue in the range of $173.5 billion to $178.5 billion.
Amazon shares have fallen slightly more than 3% since the beginning of the year, while the S&P’s 500 index has declined almost 1%. In the final minutes of trading on Thursday, shares hit $222.91, a decline of nearly 6% in the last 12 months.
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