Amazon reports 9% sales increase in fourth quarter and big profit gain on Rivian stake; shares jump

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Andy Jassy, chief executive officer of Amazon.Com Inc., speaks during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

AmazonÂ on Thursday said revenue climbed 9% in the fourth quarter and the company reported a gain of almost $12 billion from its investment inÂ Rivian. The stock popped in extended trading.

Earnings per share: $27.75Revenue: $137.4 billion vs $137.6 billion expected, according to a Refinitiv survey of analystsAWS revenue: $17.8 billion vs $17.37 billion expected, according to StreetAccount

It is not immediately clear if the reported earnings per share are comparable to analyst estimates.

Amazon also said it will raise the price of its annual Prime membership to $139 from $119. The company last hiked the price of Prime in 2018, when it increased from $119 to $99.

This is breaking news. Please check back for updates.

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