Moscow. January 29. Amazon.com Inc., the world’s largest Internet retailer, increased profit and revenue in the fourth quarter of 2015, however, the results did not meet market expectations due to the increased cost of shipping.
As reported in a press release, its net profit in the October-December period totaled $482 million, or $1 per share, compared with $214 million or $0.45 per share, for the same period a year earlier.
The company’s revenue increased by 22% to us $35.7 billion
Analysts polled by FactSet, on average, had forecast a net profit Amazon at $1,55 per share on revenue of $35.9 billion
The company’s expenses for delivery of goods in the last quarter jumped by 25%, from $3.4 billion to $4.55 billion
According to the forecast of the company, its revenue in the current quarter will be $26,5-29 billion
By the end of 2015, Amazon reported a net profit of $596 million compared to a loss of $241 million in 2014. The company’s revenue last year jumped from $89 billion to $107 billion.
Shares of Amazon additional on the auction on Friday fell by 13%.