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AMZN BLOWOUT QUARTER

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Amazon.com Inc. (AMZN) recently announced its Q1 2024 earnings1. Here are the key details:
• Revenue: Amazon reported a revenue of $143.3 billion, which was above the expected $142 billion1.
• Earnings Per Share (EPS): The company’s EPS was $0.98, beating the Wall Street expectation of $0.831.
• Amazon Web Services (AWS): AWS sales rose by 17% to $25.0 billion, indicating robust growth in cloud services2.
• Advertising: The advertising segment matched expectations with $11.8 billion3.
This strong performance led to a surge in Amazon’s stock, which increased by as much as 5% in after-hours trading3. The company’s CEO, Andy Jassy, provided a statement on the quarter in the report1.
For reference, in Q4 2023, Amazon had a total revenue of $169.961 billion, an operating income of $13.209 billion, and a basic earnings per share of $1.02574. The company continues to show strong performance and growth. Please note that these figures are subject to change as more detailed financial reports become available.

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