Amazon.com blew past Wall Street's earnings expectations on Thursday as holiday sales climbed some 15 percent, sending the company's shares rallying 14 percent in after-hours trading.
Amazon issued fourth-quarter earnings of 45 cents a share. The company said worldwide Prime memberships grew 53 percent last year.
"When we raised the price of Prime membership last year, we were confident that customers would continue to find it the best bargain in the history of shopping," said Jeff Bezos, founder and CEO of Amazon.
Amazon Web Services, the company's cloud business, grew about 90 percent, year-over-year, to about 1 million active customers. The company plans to start bulking up that area sometime this quarter.
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