This Sept. 6, 2012, file photo, shows the Amazon logo in Santa Monica, Calif. Amazon reports financial results Thursday, Oct. 27, 2016. The company, which has been expanding its grocery delivery efforts for almost a decade, now wants you to order your turkey online this Thanksgiving. It's just its latest effort to make its Prime subscription service a central part of food shopping the way it has for other consumer goods. (AP Photo/Reed Saxon, File) 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.
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.
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