Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%

Amazon stock rises as Q1 earnings top estimates with $143.3B in revenue; AWS sales up 17%

Briefly

Amazon topped Q1 revenue estimates with $143.3 billion, up 13% YoY, and earnings per share of $0.98. AWS and advertising contributed to the growth, with revenue up 17% and 24% respectively.

GeekWirehttps://www.geekwire.com/2024/amazon-stock-rises-as-q1-expectations-top-estimates-with-143-3b-in-revenue-aws-sales-up-17/

AWS, at $25 billion, showed 17% growth YoY and an 84% increase in operating income. AWS is now a $100 billion annual revenue run rate business, with increased demand for generative AI.

GeekWirehttps://www.geekwire.com/2024/amazon-stock-rises-as-q1-expectations-top-estimates-with-143-3b-in-revenue-aws-sales-up-17/