Shares of Amazon.com Inc. fell in after-market trading on Thursday after the online retailer reported third-quarter net income that missed analyst expectations.
The Seattle-based company said it had profit of $252 million, or 52 cents per share.
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The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The online retailer posted revenue of $32.71 billion in the period, which topped Street forecasts. Twelve analysts surveyed by Zacks expected $32.57 billion.
For the current quarter ending in December, Amazon said it expects revenue in the range of $42 billion to $45.5 billion. Analysts surveyed by Zacks had expected revenue of $44.7 billion.
Amazon shares have increased 21 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 4 percent. In the final minutes of trading on Thursday, shares hit $821.01, a climb of 34 percent in the last 12 months.
Shares fell $46.51, or 5.7 percent, to $771.93 in aftermarket trading.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at https://www.zacks.com/ap/AMZN
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