Amazon.com, Inc. (NASDAQ:AMZN) - 'The One To Own In eCommerce': Wall Street Cheers Amazon Following Earnings Beat
Share: Amazon.com, Inc (NASDAQ: AMZN) shares traded higher by 1.3% on Friday after the company’s first-quarter earnings numbers far exceeded expectations. For the first quarter, Amazon reported adjusted EPS of $15.79 on $108.5 billion in revenue. Both numbers beat consensus analyst estimates of $9.54 and $104.4 billion, respectively. Revenue was up 44% from a year ago. Amazon Web Services' cloud revenue was up 32% in the quarter to $13.5 billion. Online retail sales were up 44% to $52.9 billion. Amazon also guided for second-quarter revenue of between $110 billion and $116 billion, above an...
Source: benzinga.com