NEW YORK (CNNMoney.com) -- Amazon Inc. reported Thursday fourth-quarter earnings and sales that beat Wall Street expectations despite a difficult environment for retail sales.The news sent Amazon shares up 12% to $56.70 in after-hours trading.
The Seattle-based company reported net income of $225 million, or 52 cents per share, for the three months ended Dec. 31. That's an increase of 9% from earnings of $207 million, or 48 cents per share, a year ago.
Analysts surveyed by Thomson Reuters were expecting earnings of 39 cents per share.
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