Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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

Search for Jobs

Index Last Change % Change
Dow 20,569.15 18.17 0.09%
Nasdaq 5,834.28 -6.09 -0.10%
S&P 500 2,342.72 1.13 0.05%
Treasuries 2.38 0.01 0.21%
Data as of 10:20am ET
Company Price Change % Change
Bank of America Corp... 23.20 0.17 0.76%
Ford Motor Co 11.57 0.11 0.96%
Advanced Micro Devic... 13.77 0.07 0.51%
Chesapeake Energy Co... 5.23 0.07 1.35%
Micron Technology In... 28.97 0.21 0.73%
Data as of 10:05am ET


If the Dow closes down on Tuesday for a ninth day in a row, the index would officially be in the middle of its longest losing streak since 1978. More

The New York property, which was the first home of the 45th president of the United States, was purchased on March 23 for $2.14 million -- a nearly 54% profit for the previous owner who bought it just month's earlier. More