Amazon reported $127.4 billion in revenue for the first quarter and earnings per share of 38 cents, with both metrics coming in well above Wall Street forecasts
has apparently rediscovered its mojo.
The company reported $127.4 billion in revenue for the first quarter and earnings per share of 38 cents, with both metrics coming in well above Wall Street forecasts. Amazon shares jumped 11% on the earnings report after closing the regular trading session up almost 5% to a 6-month high of $109.82. The company said it expects revenue between $127 billion and $133 billion in the second quarter, up between 5% and 10% from the first quarter. The guidance includes unfavorable foreign exchange rates. Operating income could be up or down depending on a range of factors unfolding during the second quarter, but will come in between $2 billion and $5.5 billion, the company said, compared with $3.3 billion a year ago.
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