Amazon’s fourth quarter 2013 earnings are out, and while all looks good on paper, the company failed to meet Wall Street expectations on both the top line and the bottom line. Amazon’s earnings per share for the quarter came in at 51 cents on revenue of $25.59 billion, but that’s below the Wall Street consensus that expected an EPS of 66 cents on revenue of $26.06 billion for the quarter.
Amazon’s $25.59 billion in sales actually represents a 20 percent bump over the year-ago quarter, though, which shows nice growth despite the miss. Net income jumped to $239 million for the quarter, up from $97 million during Q4 2012. Net sales for all of 2012 increased 22 percent up to $74.45 billion, up from $61.09 billion in 2012. Operating income for the year was $745 million, up 10 percent, while net income came in at $274 million, up from a loss of $39 million in 2012.
Amazon said it expects net sales to fall between $18.2 billion and $19.9 billion during the first quarter of 2014. Shares of Amazon were down about 7.86 percent in after hours trading following the miss.