Amazon More Than Doubles Net Income in Q4 to $1.9 billion
Company also increases net sales by 38 percent in Q4.
The holiday season usually boosts Amazonís bottom line, but 2017 was an exceptional year with Amazon (NASDAQ: AMZN) reporting net sales of $60.5 billion, a 38 percent increase over $43.7 billion in net sales in Q4 2016. The company also reported net income of $1.9 billion, or $3.75 per diluted share, for the fourth quarter alone, more than double net income of $749 million, or $1.54 per diluted share reported in the fourth quarter of 2016. Total outstanding shares at year end were 504 million, compared to 497 million at the end of 2016.
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