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:
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: www.cnbc.com/2024/04/30/amazon-amzn-q1-earnings-report-2024.html
Amazon is up 2.9% in the after-hours trading following the earnings announcement which beat EPS and Revenue. AWS reached a $100B revenue run rate
EPS: $0.98 vs $0.82 estimated
SALES: $143.3B vs $142.5B est.Outlook disappoints though:
Q2 Sales: $144B-$149B vs $150.07B est. pic.twitter.com/QK2b8f30Ul— Global Markets Investor (@GlobalMktObserv) April 30, 2024