SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported fourth-quarter net income of $1.86 billion.
The Seattle-based company said it had profit of $3.75 per share. Earnings, adjusted for pretax gains, came to $2.16 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The online retailer posted revenue of $60.45 billion in the period, also surpassing Street forecasts. Thirteen analysts surveyed by Zacks expected $59.99 billion.
For the current quarter ending in April, Amazon said it expects revenue in the range of $47.75 billion to $50.75 billion. Analysts surveyed by Zacks had expected revenue of $48.95 billion.
Amazon shares have risen 20 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 5 percent. In the final minutes of trading on Thursday, shares hit $1,403.61, a climb of 69 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at https://www.zacks.com/ap/AMZN