From Nasdaq: 2024-05-06 08:15:00

Amazon (NASDAQ: AMZN) beat analysts’ estimates with revenue of $143.3 billion and earnings of $0.98 per share in its first-quarter earnings report. The company’s stock rose after the report, fueled by growth in its core businesses like North American and international retail segments and AWS. Operating margins improved in all segments, showcasing stability and growth potential.

Looking ahead, Amazon expects sales to rise 7%-11% in the second quarter, with analysts forecasting an 11% increase for the full year. Despite its stable outlook, investors should keep an eye on Amazon’s investment in Rivian Automotive, which impacted its first-quarter net income. Amazon’s stock is trading at 41 times this year’s earnings, making it a solid option for long-term growth.

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Read more at Nasdaq: Is Amazon Stock a Buy?