From Nasdaq: 2024-05-01 09:30:00

Amazon reported strong Q1 earnings, concentrating on profitability rather than growth. Margins hit double figures for the first time, a milestone for the company. Investors are reassured by Amazon’s ability to make money from investments and cost cutting, but weaker forward guidance may signal tough times ahead under new CEO Andy Jassy.



Read more at Nasdaq:: Are Amazon’s (AMZN) Increased Margins Good or Bad News for the Rest of Us?