Categories AlphaGraphs, Earnings, Retail

Amazon (AMZN) Q1 earnings surge and beat Street view as pandemic boosts sales

Thriving on the COVID-driven spike in e-commerce activity, Amazon.com, Inc. (NASDAQ: AMZN) reported a 44% growth in first-quarter sales. The results topped expectations, driving the retailer’s stock higher on Thursday evening.

Amazon Q1 2021 earnings infographic

Online store sales, which accounts for about half of total revenues, climbed 44% in the March quarter. At $108.5 billion, net sales were up 44% year-over-year and well above analysts’ forecast.

First-quarter net income more than tripled to $8.1 billion or $15.79 per share from $2.5 billion or $5.01 per share in the corresponding period of 2020. The latest number also surpassed estimates.


Read management/analysts’ comments on Amazon’s Q1 report


Amazon’s market value grew 9% since the beginning of the year. The strong earnings report triggered a rally and the stock gained during Thursday’s extended trading session.

  • Amazon reports Q4 2020 earnings results
  • Amazon reports Q3 2020 earnings results
  • Amazon reports Q2 2020 earnings results
  • amazon Q1 2020 eanrings

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

KR Earnings: Kroger Q3 sales, profit increase and top expectations

Department store chain The Kroger Co. (NYSE: KR) on Thursday said its third-quarter sales and adjusted earnings increased year-over-year. The latest numbers also exceeded the market's expectations. Net earnings attributable to

CrowdStrike: Why this cybersecurity stock is a good investment for 2023

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) has steadily expanded its subscriber base over the years, riding the ever-growing demand for cybersecurity solutions. As digital adoption continues -- which accelerated after the

CRM Results: Salesforce Q3 earnings beat; revenues rise 14%

Customer relationship management platform Salesforce, Inc. (NYSE: CRM) on Wednesday reported an increase in third-quarter adjusted earnings, aided by double-digit growth in revenues. The numbers surpassed analysts' predictions. Third-quarter profit,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top