Skip to Content

Amazon reports strong 4Q results despite supply-chain snags

KIFI

By ANNE D’INNOCENZIO
AP Retail Writer

NEW YORK (AP) — Amazon’s profits in the fourth quarter nearly doubled, beating analysts’ expectations. This came even as the online behemoth contends with surging costs tied to a snarled supply chain and labor shortages. The Seattle-based company also raised its annual prime membership fee to $139 per year from $119. The company reported a profit of $14.32 billion, or $27.75 per share, for the three-month period ended Dec. 31. That compared with a profit of $7.22 billion, or $14.09 per share, during the year-ago period. Revenue rose 9% to $137.41 billion, Amazon’s fifth consecutive quarter of revenue topping $100 billion. Analysts surveyed by FactSet on average expected $137.68 billion in quarterly revenue and per-share earnings of $3.61 per share. 

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content