Online retailer Amazon's stock sank after it reported
net profits of $239m (£145m) for the quarter ending 31
December, missing expectations.
Profits were up $97m from a year earlier, after the
company saw a strong festive shopping season.
But Amazon's stock dipped more than 10% in after-
hours trading, despite seeing a rally earlier in the day.
Amazon reported sales of $25.59bn - a 20% increase
from a year earlier - but these also missed analyst
expectations.
The company posted sales guidance of between
$18.2bn and $19.9bn for the current quarter - also
below analyst expectations.
"It's a good time to be an Amazon customer," said
Amazon founder and chief executive, Jeff Bezos, as he
noted improvements in customer support for Kindle
reader users and the recent roll-out of Sunday
deliveries.
Amazon saw a rise in sales for the full year of 22% to
$74.45bn, compared with $61.09bn in 2012.
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