Amazon Investors Puke Shares On Top And Bottom Line Miss, But Cloud Growth Near Consensus
Amazon.com, Inc. (NASDAQ: AMZN) reported fourth-quarter results after Thursday's market close.
The company reported net sales of $35.7 billion in the fourth quarter of 2015, up from $29.3 billion in the fourth quarter of 2014. Analysts were expecting a revenue figure of $35.9 billion.
The company reported diluted EPS of $1.00 for the quarter, a big miss of the consensus $1.56 estimate. The $1.00 figure is up more than 50 percent from the 2014 diluted EPS of $0.45.
Analysts are most keen on the growth of Amazon's web services, such as the cloud and Amazon Prime. The Street was looking for ~70 percent growth in Amazon's web services.
AWS sales came in up 69 percent year-over year for the fourth quarter and for fiscal year 2015.
The stock was tanking in the after-hours session, last down 12 percent at $555.
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