Amazon Misses Sales Estimates Despite 22% Increase In Q4

Amazon.com, Inc. AMZN shares sank 3 percent following its fourth quarter earnings print after the close on Thursday.

The e-commerce giant beat on earnings estimates, but missed on revenues despite a 22 percent increase in sales during the quarter.

• Amazon reports Q4 EPS $1.54, beats by $0.19
• Revenues $43.7 billion, misses by $980 million
• Sees Q1 Sales $33.25-$35.75 billion vs. $36 billion est.
• In 2016, there were over 100,000 sellers with sales of more than $100,000
• Full release here

Amazon has previously announced it will create more than 100,000 new full-time, full-benefit jobs in the U.S. over the next 18 months.

"Our Prime team's customer obsession kept them busy in 2016," said Founder and CEO Jeff Bezos. "Prime members can now choose from over 50 million items with free two-day shipping — up 73% since 2015. Prime Video is now available in more than 200 countries and territories."

The stock traded recently at $807.94, down 3.8 percent in the after-hours session.