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Amazon.com, Inc.
AMZN shares gained in Thursday's extended session after the company beat Wall Street's fourth-quarter profit expectations by a significant margin.
The Seattle-based company's shares changed hands recently up more than 2 percent at $311.78.
Amazon forecast first-quarter operating results of between a loss of $450 million and income of $50 million, compared with operating income of $146 million a year earlier.
Amazon also forecast first-quarter revenue of between $20.9 billion and $22.9 billion, up by between 6 percent and 16 percent from a year earlier.
Wall Street expects first-quarter profit of $0.12 cents a share, on revenue of $23.05 billion.
In the recent fourth-quarter, Amazon's net income fell to $214 million, or $0.45 cents a share, from $239 million, or $0.51 cents a share last year.
Sales grew 15 percent to $29.33 billion, from $25.59 billion last year.
Wall Street expected fourth-quarter profit of $0.17 cents a share, on revenue of $29.67 billion.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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