Shares of Amazon.comleaped in extended trading Thursday as the retailer reported higher earnings that easily beat analysts' forecasts. The company also turned in a sales outlook that beat the Street.
Amazon said it earned $225 million, or 52 cents a share in the fourth quarter, on sales of $6.7 billion, against a profit of 48 cents a share on a topline of $5.67 in the fourth quarter of 2007.
Analysts polled by Thomson Reuters expected a profit of 39 cents per share.
Sales for the most recent quarter rose to $6.7 billion, up from $5.67 billion a year prior. That figure also topped Street estimates, which had put Amazon's revenue at $6.44 billion.
- Amazon Earnings Report Gives the 'Shorts' a Serious Wedgie