From Investing.com: 2024-05-01 00:04:35

Amazon exceeded Wall Street’s expectations with higher than anticipated quarterly results, propelled by AI interest and cloud-computing growth, CEO Andy Jassy revealed. Q1 sales surged by 13% to $143.3 billion, net income tripled to $10.4 billion, but current quarter revenue forecast of $144.0-$149.0 billion fell below expectations. AWS revenue rose 17% to $25.0 billion in Q1, aiming to hit $100 billion in annual sales. Amazon’s ad business saw a 24% increase to $11.8 billion, including unskippable Prime Video ads for $2.99 monthly opt-out.



Read more at Investing.com: Amazon results beat estimates, revenue forecast misses By Reuters