Amazon.com, Inc. (NASDAQ: AMZN) reported its fourth quarter 2021 earnings results today.
Net sales increased 9% year-over-year to $137.4 billion. Analysts had estimated sales of $137.5 billion.
Net income increased to $14.3 billion, or $27.75 per share, from $7.2 billion, or $14.09 per share, in the same period last year. The growth was driven by a pre-tax valuation gain of $11.8 billion from its investment in Rivian Automotive.
For the first quarter of 2022, net sales are expected to range between $112-117 billion, reflecting a growth of 3-8% year-over-year.
The stock jumped 17% in after-market hours following the earnings announcement.
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