Amazon.com, Inc. (AMZN) reported better-than-expected 1Q results driven by higher revenues, which was fueled by outstanding performance in all segments. Shares of the e-commerce company rose 2.4% in Thursday’s extended trading session. Amazon reported 1Q earnings of $15.79 per share that widely surpassed analysts’ expectations of $9.54 and more than tripled on a year-over-year basis. Adjusted net sales of $108.5 billion beat the Street’s estimates of $104.46 billion and grew 41% from the year-ago period. The North America segment net sales surged 39% year-over-year and came in at $64.4 billion in the quarter, while International sales increased 50% to $30.6 billion. Additionally, net sales for the AWS unit were $13.
https://www.tipranks.com/news/amazon-delivers-a-blowout-quarter-with-strong-sales-shares-gain