Amazon Earnings Overview
Amazon’s shares surged up to 8% in after-hours trading on Thursday following the company’s first-quarter earnings report, which revealed revenue of $127.4 billion. This surpassed the $124.5 billion estimated by analysts surveyed by Refinitiv.
Earnings per share were reported at 31 cents, but it is unclear if this is comparable to Refinitiv’s estimate of 21 cents per share.
Other notable segments of Amazon, including Amazon Web Services and Advertising, also saw revenue exceed expectations.
For the second quarter, Amazon is forecasting revenue between $127 billion and $133 billion, below…
Read More