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Amazon Q1 Results Beat Street as Revenue Jumps 44%

Published 04/29/2021, 04:15 PM
Updated 04/29/2021, 04:16 PM
© Reuters.

By Yasin Ebrahim

Invsting.com - Amazon.com reported Thursday first-quarter results that topped analysts estimates, supported by a surge e-commerce growth.  

Amazon.com (NASDAQ:AMZN) shares gained 5% in after-hours trade following the report.

Amazon reported Q1 EPS of $15.79 on revenue of $108.5 billion, beating estimates of $9.49 on revenue of $104.49 billion. 

That was above guidance for net sales of between $100.0 billion and $106.0 billion, or growth between 33% and 40% year-on-year.

Net sales in North America rose to $64.37 billion from $46.13 billion in the the prior-year period.

Amazon Web Services, its fast-growing cloud revenue segment, grew 32%, to $13.5 billion. 

Net sales in North America rose to $75.35 billion, up from $53.67 billion in the the prior-year period.

For the second-quarter, the company guided net sales of between $110 billion and $116 billion, or growth between 24% and 30% year-on-year.

 

Latest comments

hello
US economy built on sending packages , working in warehouses,advertising on FB .What a great economic future . Making and bulding nothing .
How will they perform without stimulus checks?
most of their customers aren't getting stimulus checks.
More than Half of americans got stimulus checks... what kind of comment is this
a company that gets over 10eps the last few ERs they gave a 9.7 estimate?? coming out of a pandemic!? of course it beat that 2x. so silly.
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