Chief Executive Officer Jeff Bezos: Fourth-quarter net income was $482 million, or $1 a share, Amazon said in a statement Thursday, short of analysts’ average projection for $742.9 million, or $1.55, according to The Toronto Star. While revenue rose 22 percent to $35.7 billion in the fourth quarter, the stronger dollar subtracted $1.2 billion, pushing it below analysts’ prediction for $35.9 billion. The Web retailer shares fell as much as 15 percent. The result was a surprise for investors who have become accustomed to Amazon ability to boost sales by spending heavily on delivery infrastructure and new products. Still, Chief Executive Officer Jeff Bezos appears determined to show that Amazon can keep bringing in more money -- he pulled back on spending last year to deliver a surprise jump in earnings and will be showing Amazon first Super Bowl commercial next week. The key question is whether the Seattle-based company can readjust its investments in the face of weaker-than-anticipated sales.
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