Amazon.com Inc. (AMZN) Reports Higher Q4 Revenue and Profits

Amazon.com Inc. (AMZN) reported higher fourth-quarter revenue and profits, with net sales up 4.2% to $43.86 billion and adjusted net income rising 12.7% to $1.36 billion. The company attributed the improvement to strong e-commerce demand and gains in AWS, its cloud computing division. EPS for the quarter rose to $1.28, up from $1.18 in the same period last year. The results reflect continued resilience in online retail and a recovery in travel and entertainment sectors.