Amazon Delivers A Blowout Quarter With Strong Sales; Shares Gain
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.