Amazon grew revenue by 22 percent during the shopping-heavy holiday season, the company announced Thursday, but analysts hoping it would sell even more during the quarter sent the stock down 4 percent during afterhours trading.
The e-commerce giant, which typically sees a bump in sales over the holidays, grew fourth-quarter revenue to $43.7 billion, but Wall Street was expecting revenue of nearly $44.7 billion.
Amazon, a company that was once known for sustaining consecutive quarters of losses, reported fourth-quarter net income of $1.54 per share, its seventh strait quarter of profitability. Wall Street was looking for $1.35 per share.