Amazon.com Tanks Following Q4 Earnings Release

Shares of Amazon.com

are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 9.51%, trading at $175.95; they ended the regular session higher by 1.19%, at $194.44. Amazon.com reported Q4 EPS of $0.38 on revenues of $17.43 billion. Revenues increased 35% year over year. Free cash flow decreased 17% to $2.09 billion for the trailing twelve months, compared with $2.52 billion for the trailing twelve months ended December 31, 2010. "We are grateful to the millions of customers who purchased the Kindle Fire and Kindle e-reader devices this holiday season, making Kindle our bestselling product across both the U.S. and Europe," said Jeff Bezos, founder and CEO of Amazon.com. "Our millions of third-party sellers had a tremendous holiday season with 65% unit growth and now represent 36% of total units sold." Amazon sees Q1 net sales between $12.0 billion and $13.4 billion, while operating income (loss) is expected to be between $(200) million and $100 million. Amazon.com, Inc. is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. In addition, the company generates revenue through other marketing and promotional services, such as online advertising, and co-branded credit card agreements.