Amazon (NASDAQ:AMZN) surpasses Q1 earnings expectations, falls short in Q2 sales forecast
Amazon (NASDAQ:AMZN) has released its first-quarter earnings, surpassing Wall Street expectations with earnings of $0.98 per share against the anticipated $0.83.
The company also reported net sales of $143.31 billion, slightly exceeding the expected $142.59 billion.
This growth was bolstered by strong performances in both its AWS and North American segments, which outpaced consensus estimates.
Despite the strong first-quarter results, Amazon's outlook for the second quarter did not meet analyst expectations. The company projects net sales to be between $144 billion and $149 billion, below the forecasted $150.2 billion.
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