Amazon Q1 Earnings Top Wall Street Expectations, Tech Giant Swings to $3.2 Billion Profit Amid Layoffs

Amazon’s Q1 results easily coasted past financial analyst projections. On average, Wall Street expected revenue of $124.55 billion and earnings per share of 21 cents, according to Refinitiv data. Shares of Amazon climbed more than 11% in after-hours trading on the beat.

“There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,” CEO Andy Jassy said in announcing the results. “Our Advertising business continues to deliver robust growth, largely due to our ongoing machine learning investments that help customers see relevant information when they engage with us, which in turn delivers unusually strong results for brands.

Amazon’s ad segment had sales of $9.5 billion, an increase of 21% year over year, beating analyst expectations of 15% growth.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Microsoft said AI 50 times on its earnings call - Wall Street is thrilledMicrosoft mentioned artificial intelligence 50 times on its earnings call and Wall Street is thrilled
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Wall St sinks as weak earnings fan fears of economic slowdownWall Street's major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy on Tuesday while plunging deposits at regional First Republic Bank added to jitters about the bank sector's health.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Wall St gains as upbeat earnings offset economy worriesWall Street's main indexes rose on Thursday as a slew of strong earnings updates from companies including Meta Platforms, Eli Lilly and Comcast outweighed data showing the U.S. economy slowed more than anticipated in the first quarter.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Wall St rallies as Meta earnings offset economy worriesThe tech-heavy Nasdaq led a Wall Street rally on Thursday as a strong update from Meta Platforms outweighed concerns over slowing U.S. economic growth.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Amazon set to report first-quarter earnings after the bellAmazon CEO Andy Jassy has been aggressively slashing costs through layoffs, a corporate hiring freeze and by ending some experimental projects.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »