Amazon Plunges 8% On Q4 Earnings Results

Amazon.com AMZN released its Q4 earnings results on Tuesday after the closing bell. The company reported net income of $177 million, or $0.38 per share, compared to $416 million, or $0.91 per share, in the year ago period. This compared to Wall Street analysts' consensus EPS estimates of $0.19. Net sales at the company were up 35% to $17.43 billion versus $12.95 billion in last year's corresponding quarter. This came in below Street consensus revenue estimates of $18.21 billion. Looking ahead, AMZN sees fiscal Q1 net sales in a range between $12 billion and $13.4 billion, representing year over year growth between 22% and 36%. Currently, analysts have revenue estimates of $13.41 billion for Q1. In the after hours, AMZN shares have lost 8.07% to $178.75 as investors weigh the company's miss on the top line and light forward looking revenue guidance.