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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.
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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.