Tuesday, April 30, 2024

"Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%" (AMZN)

The stock is trading up $3.95 (2.26%) at $178.95 in early after-hours action. Not quite making back the $5.96 lost during the regular session.

From Seattle's own, GeekWire, April 30:

Amazon topped estimates for its first quarter earnings, reporting $143.3 billion in revenue, up 13% year-over-year, and earnings per share of $0.98.

Analysts expected Q1 revenue of $142.7 billion and earnings per share of $0.83.

Amazon’s two big profit drivers, Amazon Web Services and advertising, posted year-over-year revenue growth of 17% and 24%, respectively.

Overall operating income reached $15.3 billion in the first quarter, compared to $4.8 billion a year ago, and well ahead of estimates....

....MUCH MORE including pre-conference call guidance.