From Investing.com: 2024-04-30 16:50:35

Amazon reported strong first-quarter results, with earnings of $0.98 per share and revenue of $143.31 billion, surpassing estimates. AWS revenue grew 17% to $25 billion, with an annual revenue run rate of $100 billion. North America segment sales increased by 12%. The company predicted second-quarter revenue between $144 billion to $149 billion, slightly lower than the expected $150.2 billion, with operating income estimated at $10 billion to $14 billion. Amazon’s stock rose 3% in after-hours trading following the positive report, reflecting renewed cloud demand and growth in its AI capabilities.



Read more at Investing.com: Amazon Q1 results top estimates as cloud demand rides AI wave higher By Investing.com