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Amazon fourth-quarter revenue up 36% (AMZN-Q) posted quarterly revenue that fell short of analysts' estimates.

Net income in the global online retailer's fourth quarter was $416 million US, or 91 cents per share -- up from $384 million US, or 85 cents per share, a year earlier.

Revenue was $12.95 billion US. Analysts on average forecast $13.01 billion US.

For the first quarter, Amazon said it expects revenue between $9.1 billion and $9.9 billion and operating profit between $260 million and $385 million, including $140 million for stock-based compensation and asset amortization.

Wall Street expects revenue of $9.31 billion, according to Thomson Reuters. CTV Two CTV News CTV News Channel BNN - Business News Network CP24