Amazon.com�(AMZN) this afternoon reported Q4 revenue and earnings per share that missed Street estimates, and forecast this quarter’s revenue lower as well.
Revenue in the three months ended in December rose 22%, year over year, to $21.27 billion, yielding EPS of 21 cents.
Analysts had been modeling $22.26 billion and 28 cents a share.
CEO Jeff Bezos�remarked, “�We�re now seeing the transition we�ve been expecting. After 5 years, eBooks is a multi-billion dollar category for us and growing fast � up approximately 70% last year.”
“In contrast, our physical book sales experienced the lowest December growth rate in our 17 years as a book seller, up just 5%. We’re excited and very grateful to our customers for their response to Kindle and our ever expanding ecosystem and selection.�
The company said its�Kindle Fire HD was once again the best-selling item of all items during the quarter, without disclosing unit sales:
For the second year in a row, Amazon�s tablet was the most popular item for customers � Kindle Fire HD continued its run as the #1 best-selling, most gifted, and most wished for product across the millions of items available on Amazon worldwide. At year-end, Kindle Fire HD, Kindle Fire, Kindle Paperwhite and Kindle held the top four spots on the Amazon worldwide best seller charts since launch.
For the�current quarter, the company sees revenue in a range of $15 billion to $16 billion, below the consensus for $16.9 billion.
The company expects�operating income in the quarter to decline from $192 million in the year-earlier period to a range of negative�$285 million to positive $65 million, it said.
Amazon management will host a�conference call with analysts at 5 pm, Eastern time, and you can catch the webcast of it here.
Amazon shares are up $15.68, or 7%, at $276.10 late trading.
Update:�The shares have added to gains and are now up $27.12, or 10.4%, at $287.47.
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