From Nasdaq: 2024-05-06 20:37:00

Amazon (NASDAQ: AMZN) stock rose in after-hours trading following its Q1 earnings report, beating estimates with revenue of $143.3 billion and EPS of $0.98. Margins across all business segments surged, with North America revenue up 12% and AWS operating income almost doubling. International segment flipped to profit. (Words: 50)

AWS revenue growth accelerated in Q1, up 17% to $25 billion, the fastest growth rate since 2022. CEO Jassy noted the return to cloud-based IT investments after last year’s cost optimizations. Amazon’s P/E ratio is now at 50, becoming more reasonable and offering a better entry point for investors. (Words: 50)

Stock Advisor named 10 best stocks to buy now; Amazon wasn’t one. Service has outperformed S&P 500 since 2002. Consider when Nvidia made the list in 2005 with monster returns. Stock Advisor provides guidance on building a portfolio and new stock picks monthly. (Words: 50)



Read more at Nasdaq: 3 Reasons to Buy Amazon Stock Now