Amazon beats on profit and revenue, with growth of 13%. Outlook disappoints though

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Amazon shares rose in extended trading on Tuesday after the company reported better-than-expected revenue and earnings.

Here’s how the company did:

Earnings per share: 98 cents vs. 83 cents expected by LSEG

Revenue: $143.3 billion vs. $142.5 billion expected by LSEG

Wall Street is also watching several other numbers in the report:

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Amazon Web Services: $25 billion vs. $24.5 billion in revenue, according to StreetAccount

Advertising: $11.8 billion vs. 11.7 billion in revenue, according to StreetAccount

Source: https://www.cnbc.com/2024/04/30/amazon-amzn-q1-earnings-report-2024.html

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