Amazon: Q1 Earnings Snapshot
By Ap News
Published - Apr 30, 2024, 04:11 PM ET
Last Updated - May 27, 2024, 01:04 AM EDT
SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Tuesday reported first-quarter net income of $10.43 billion.
The Seattle-based company said it had profit of 98 cents per share. Earnings, adjusted for non-recurring costs, came to $1.13 per share.
The results topped Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The online retailer posted revenue of $143.31 billion in the period, also exceeding Street forecasts. Sixteen analysts surveyed by Zacks expected $142.53 billion.
