SEATTLE (AP) -- Amazon.com Inc. (AMZN) on Thursday reported third-quarter net income of $252 million.

The Seattle-based company said it had profit of 52 cents per share.

The results did not meet Wall Street expectations. 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.

--Associated Press.

Published on: Oct 27, 2016