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.
Try our free 5 day trial today https://turbooptiontrading.com/free-5-day-trial-program/
This is the TurboOptionTrading Youtube channel. We bring 35 years of market experience to our Youtube subscribers to show how to make money with daytrading. Join us as we do technical analysis, go over options strategies, examine market trends, identify setups and more.
Want to join the Turbo Option community and get even more hot stock picks? Visit turbooptiontrading.com. Turbo Option Trading is for traders of all experience levels from beginners to advanced market participants. We offer educational videos, one-on-one mentorship, a live trading room and even trading capital funded accounts for qualified users.
