Andy Jassy, CEO of Amazon, speaks on the ceremonial ribbon chopping previous to the next day to come’s opening night time for the NHL’s latest hockey franchise the Seattle Kraken on the Local weather Pledge Area on October 22, 2021, in Seattle.
Bruce Bennett | Getty Pictures Game | Getty Pictures
Amazon stocks rose up to 10% in prolonged buying and selling on Thursday after the e-retailer reported first-quarter income that crowned analysts’ estimates.
Listed here are the important thing numbers:
Income: 31 cents in keeping with shareRevenue: $127.4 billion vs $124.5 billion anticipated, in keeping with analysts surveyed by means of Refinitiv
This is how different key Amazon segments did all through the quarter:
Amazon Internet Services and products: $21.3 billion vs. $21.22 billion anticipated, in keeping with StreetAccountAdvertising: $9.5 billion vs. $9.1 billion, in keeping with StreetAccount
It isn’t straight away transparent if the reported income are similar to the Refinitiv analyst estimate of 21 cents in keeping with proportion.
For the second one quarter, Amazon stated income shall be $127 billion to $133 billion. Analysts had known as for gross sales of $129.8 billion, in keeping with Refinitiv.
This tale is creating. Test again for updates.
