https://seekingalpha.com/news/3349534-amazon-plus-6_4-percen…
We’re getting great earnings from tech
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Crushed it!
Amazon reported its first-quarter earnings results on Thursday after the bell.
It’s a huge beat across the board and Amazon stock is up roughly 7 percent in after-hours trading.
Here are the most important numbers:
Revenue: $51.04 billion vs. $49.78 billion, as estimated, according to Thomson Reuters
EPS: $3.27 per share vs $1.26 per share, as estimated, according to Thomson Reuters (not comparable)
AWS revenue: $5.44 billion vs. $5.25 billion, as estimated, according to FactSet
Amazon’s revenue, which includes sales from Whole Foods, increased 43 percent year-over-year. Its North America revenue jumped 46 percent to $30.7 billion, while international sales grew 34 percent to $14.8 billion.
From https://www.cnbc.com/2018/04/26/amazon-earnings-q1-2018.html…
AWS stole the show again. From the earnings release:
“AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down,” said Jeff Bezos, Amazon founder and CEO. “As a result, the AWS services are by far the most evolved and most functionality-rich. AWS lets developers do more and be nimbler, and it continues to get even better every day. That’s why you’re seeing this remarkable acceleration in AWS growth, now for two quarters in a row. A huge thank you to all our AWS customers, and you can be sure we’ll keep working hard for you.”
Available from http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol…
Matt
Long AMZN
MasterCard (MA), PayPal (PYPL), Skechers (SKX) and Square (SQ) Ticker Guide
See all my holdings at http://my.fool.com/profile/TMFCochrane/info.aspx
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They also just raised the price of Prime to $119. Funny timing, makes you wonder if the high earnings were a big surprise to them, too.