It was a beat on both fronts for Amazon in its first quarter of the financial year.
Amazon (AMZN) has released its earnings report for Q1 2024, detailing its financial performance over the past few months. It’s a beat in terms of both revenue and EPS expectations for the retail giant.
Amazon announced its Q1 2024 earnings report was published at the close of markets today. Amazon took home $143.3 billion in revenue against an expectation of $142 billion. The company’s earnings-per-share was $0.98, which beat the $0.83 Wall Street expectation. Amazon CEO Andy Jassy provided a statement on the quarter in the report.
Source: Getty Images
Amazon Web Services was a huge contributor to Amazon’s latest quarter, accounting for $25 billion in sales. For more financial news as it relates to the technology industry, stay right here on Shacknews.
Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_
