Amazon’s sales jumped 22% to $35.7 billion during the fourth quarter, but missed analysts' expectations of $35.93 billion. Amazon also delivered its third straight quarter of profits setting a new record with a quarterly profit of $482 million, or $1 a share.
This was however well under the $1.56 number analysts were expecting, sending its shares down more than 13% in after-hours trading.
Passed $100 Billion in Revenue
For the year, Amazon passed $100 billion in revenue for the first time in its two-decade history. Net sales increased 20% to $107.0 billion, compared with $89.0 billion in 2014. Net income was $596 million compared with net loss of $241 million in 2014.
– Twenty years ago, I was driving the packages to the post office myself and hoping we might one day afford a forklift. This year, we pass $100 billion in annual sales and serve 300 million customers, says Jeff Bezos, founder and CEO of Amazon.