Amazon Q1 2019 revenue: AWS, advertising, retail, Prime

Wall Street had strong expectations for Amazon's first quarter. Amazon topped them.

Retail and cloud computing giant Thursday reported earnings per share of $ 7.09. That's about 50% higher than what analysts expect.

Here's what the company reported and how it compared to Wall Street expectations and Amazon's results last year:

  • Quarterly revenue: $ 59.7 billion. Analysts had expected $ 59.68 billion. In the same period a year ago, Amazon recorded $ 51.0 billion in sales.
  • Q1 EPS (GAAP): $ 7.09. Wall Street had expected earnings per share of $ 4.67. The company achieved a profit of USD 3.1[ads1]7 per share in the first quarter last year.
  • Quarterly revenue (company guidance): $ 59.5 billion to $ 63.5 billion. Analysts had previously expected sales of $ 62.37 billion for the period. In the second quarter of last year, Amazon brought in $ 52.9 billion in revenue.
  • Q2 EPS (Guidance): The company does not offer earnings guidance, but says it is expected to make an operating profit of $ 2.6 billion to $ 3.6 billion. The e-commerce giant earned $ 5.07 per share in the same period in 2018.

In the recent trade before the market closed, the Amazon's stock closed up $ 14.25 a share, or about 1% to $ 1,916.00.

We will cover the Amazon results when they cross the line, then update the page or click here for the latest updates.

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