Amazon posts lower profit, misses revenue forecast

Amazon.com's Q4 earnings fell sharply and its revenue missed expectations.

Amazon.com's earnings, but not its revenue, exceeded Wall Street's expectations in the fourth quarter ended Dec. 31, 2005.

The giant online retailer on Thursday reported revenue of $US2.98 billion, an increase of 17 percent over 2004's fourth quarter and below the consensus expectation of $US3.08 billion from financial analysts polled by Thomson Financial.

Net income came in at $US199 million, or $US0.47 per share, way above the consensus expectation of $US0.21 per share. But net income fell sharply compared with the $US347 million, or $US0.82 per share, Amazon earned in 2004's fourth quarter.

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