Amazon earnings grow but miss expectations

SEATTLE — Amazon’s profit and revenue both grew in the latest quarter, but its results are below what Wall Street was expecting and shares of the world’s biggest online retailer are down sharply.

Amazon.com Inc. said Thursday that it earned $239 million, or 51 cents per share, in the October-December period. That’s up from $97 million, or 21 cents per share, in the same period a year earlier.

Seattle-based Amazon said that its revenue grew 20 percent in the fourth quarter, to $25.59 billion from $21.27 billion.

FactSet said analysts were expecting earnings of 74 cents per share on revenue of $26.05 billion.

For the current quarter, Amazon is forecasting revenue of $18.2 billion and $19.9 billion. Analysts expect $19.67 billion.

Amazon’s stock is down 10 percent in extended trading.

More in Herald Business Journal

Aerospace workers adjust to changing industry

The number of Boeing workers dropped almost 10 percent since last year.

Tom Hoban
Are millennials warming up to life in suburbia?

They dominate the apartment market and their wants need to be accounted for, says columnist Tom Hoban.

Camano artist mixes flask, paintings for successful cocktail

Art flasks prove popular as bachelorette gifts, birthday presents and wedding favors.

Fluke’s T6 Electrical Testers receives Innovation Awards honor

Fluke’s T6 Electrical Testers have received top honors in the Tools and… Continue reading

Everett volunteer named ‘community champion’ by Molina Healthcare

Everett’s Jorge Galindo was one of seven people across the state to… Continue reading

Cascade Valley Health to hold Festival of Trees in Arlington

Cascade Valley Health Foundation will be holding their fifth annual Festival of… Continue reading

7-Eleven program helped add 500 trees, shrubs to Everett park

Last month, 7-Eleven helped plant more than 500 trees and shrubs at… Continue reading

Pentagon inspector general praises secret $80 billion bomber

US Government Accountability Office in 2016 rejected a protest filed by Boeing-Lockheed Martin.

Everett’s Sentry Credit celebrates a quarter century in business

Sentry Credit Inc. in Everett is celebrating its 25th year in business.… Continue reading

Most Read