Amazon shares jump after earnings surprise

By Blake Ellis, contributing writer


NEW YORK (CNNMoney.com) -- Shares of Amazon.com jumped in after-hours trading Thursday after the online retailer easily topped Wall Street's expectations during the fourth-quarter holiday shopping season.

Net income for the three months ending Dec. 31 jumped 71% to $384 million, or 85 cents per share. Revenue rose 42% to $9.5 billion from a year ago.

Analysts polled by Thomson Reuters were looking for earnings of 72 cents a share on sales of $9 billion.

As part of the earnings release, Amazon CEO Jeff Bezos highlighted the success of his company's Kindle electronic reader. "Millions of people now own Kindles," he said in a prepared statement. "We sell 6 Kindle books for every 10 physical books."

Looking ahead, Amazon forecast first-quarter sales between $6.45 billion and $7 billion, which is well above analysts' expectations of $6.36 billion.

Amazon.com (AMZN, Fortune 500) shares rose 2% after the closing bell after adding $3.28 to end at $126.03 in regular trade. To top of page

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Index Last Change % Change
Dow 17,191.37 -195.84 -1.13%
Nasdaq 4,637.99 -43.51 -0.93%
S&P 500 2,002.16 -27.39 -1.35%
Treasuries 1.72 -0.10 -5.53%
Data as of 5:31pm ET
Company Price Change % Change
Apple Inc 115.31 6.17 5.65%
Bank of America Corp... 15.20 -0.43 -2.75%
Yahoo! Inc 46.46 -1.53 -3.19%
Microsoft Corp 41.19 -1.47 -3.45%
Facebook Inc 76.24 0.46 0.61%
Data as of 4:00pm ET

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