SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter profit of $20 billion.
On a per-share basis, the Seattle-based company said it had profit of $1.86.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The online retailer posted revenue of $187.79 billion in the period, which also beat Street forecasts. Sixteen analysts surveyed by Zacks expected $187.28 billion.
For the current quarter ending in March, Amazon said it expects revenue in the range of $151 billion to $155.5 billion.
Amazon shares have risen 9% since the beginning of the year, while the S&P's 500 index has increased 3%. In the final minutes of trading on Thursday, shares hit $239.14, a climb of 41% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at https://www.zacks.com/ap/AMZN
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