Amazon's Q1 Earnings Report Exceeds Expectations, Shares Jump Over 7 Percent
Amazon's Q1 earnings report exceeds expectations, with a profit of $3.2 billion on sales of $127.4 billion, causing shares to rise by over 7%. The company's CEO, Andy Jassy, emphasizes the need to streamline costs and build long-term customer relationships amidst an uncertain economy, while the AWS and advertising sectors show signs of turning a corner.
Source: news18.com