SAN FRANCISCO: US online giant Amazon reported profits doubled in the past quarter, as it attracted more customers with video and other services, but the results missed Wall Street forecasts.
Amazon shares dived more than 13% to US$551 (RM2,275) in after-hours trade on the results, which showed a fourth-quarter profit of $482 million, up from a US$214mil (RM883.28mil) profit a year earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!