U.S. Markets open in 3 hrs 7 mins

Amazon: 4Q Earnings Snapshot

SEATTLE (AP) _ Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter net income of $3.27 billion.

The Seattle-based company said it had profit of $6.47 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $3.98 per share.

The online retailer posted revenue of $87.44 billion in the period, also topping Street forecasts. Thirteen analysts surveyed by Zacks expected $86 billion.

For the current quarter ending in April, Amazon said it expects revenue in the range of $69 billion to $73 billion. Analysts surveyed by Zacks had expected revenue of $71.34 billion.

Amazon shares have climbed slightly more than 1% since the beginning of the year, while the Standard & Poor's 500 index has risen 1.5%. In the final minutes of trading on Thursday, shares hit $1,871.98, an increase of 12% in the last 12 months.

_____

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